Volcon doubles down on Bitcoin at ATHs, trims float

The Bitcoin reserve of $ 375 million in volcon is delivered with an unusual turn: it was bought near the top prices. But instead of the coverage, the company is looking, the tightening of equity and the writing puts to increase exposure as it goes from complete bitcoin to the balance sheet.

Volcon Inc. (Nasdaq: VLCN) recently disclosed It now contains 3,183 bitcoin (BTC) Valued at around $ 375 million, acquired at an average price of $ 117,697 per room.

The company, which recently renamed Empèry Digital, also revealed that it had sold short -term put options to $ 115,000, $ 116,000 and $ 117,000, which gives it the potential to acquire more BTC below current market prices while collecting option premiums to compensate costs.

In parallel, the company has announced a major expansion of its share buyback program, authorizing up to $ 100 million in share buybacks over the next two years. Volcon said that this decision aims to support the net value of assets and to amplify Bitcoin measures by sharing.

Can Bitcoin Gambit from Volcon Outmaneuver Early Movers?

Volcon, originally known for its electric off -road vehicles, officially adopted its Bitcoin treasury strategy on July 17, rebunding shortly after as a digital Emperry.

But Volcon is late in an increasingly congested field. Unlike the first adopters as a strategy, which began to stack BTC in 2020 at prices less than $ 10,000, Volcon enters the game at almost all time.

In addition, public enterprises already have more than 3% of all bitcoins never extracted, the strategy alone controls 607,770 BTC, a position worth around 72 billion dollars at current prices.

The success of the strategy is nothing less than meteoric: its stock has jumped 3,500% since 2020, even exceeding the 1 100% bitcoin rally. The recent 2 billion dollars increase in capitalSupported by Wall Street heavy goods vehicles like Morgan Stanley and Barclays, proves that institutional investors now consider Bitcoin accumulation as a legitimate and potentially lucrative business strategy.

To alleviate the late entry, the deployment of hedge fund style tactics, in particular:

• Short -term put options to potentially buy more BTC below market price while collecting premiums
• A share repurchase of $ 100 million to tighten its float and stimulate Bitcoin-Per-Share measures
• Active Treasury Management, taking advantage of the financial expertise of its team to optimize entry points

Ryan Lane, Volcon Co-PDG, said:

“As a continuous BTC, we will make it possible to take advantage of the decades of healing fund experience in our team to implement creative means to reduce the effective purchase price of the BTC while we are looking to offer investors the most effective, less dilutive and lowest means of the Bitcoin Bitcoin structure by the public equity market.”

Volcon’s strategy depends on two risky hypotheses: Bitcoin long -term appreciation will prevail over its high entry price and that its financial engineering can exceed dilution. The strategy succeeded because it bought early and was held tirelessly. Volcon does not have this luxury.