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Wajeeh Khan

Volcon Is Pivoting to a Bitcoin Treasury Model. Should You Buy VLCN Stock Here?

Volcon VLCN Bitcoin BTC

Volcon (VLCN) shares more than quadrupled on Thursday after the electric vehicle (EV) company joined a fast-growing list of businesses that have made Bitcoin (BTCUSD) their primary treasury reserve asset.

The Nasdaq-listed firm has raised over $500 million from a consortium of accredited investors led by Empery Asset Management, at least 95% of which will be used to load up on BTC. 

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