Volcon Renamed Empery Digital, Launches $500 Million Bitcoin Strategy

Austin, Texas – Volcon Inc. (NASDAQ: VLCN) has completed a private placement raising over $500 million and officially launched its Bitcoin treasury strategy, with plans to allocate more than 95% of the proceeds to purchasing BTC.

Name Change to Empery Digital, Strategic Partnership with Gemini

The company will soon change its name to Empery Digital, Inc., with a new ticker EMPD, while its electric powersports division will be rebranded as Empery Mobility. To implement the strategy, Volcon has entered into a strategic services agreement with Gemini, the crypto platform founded by the Winklevoss twins, to provide secure institutional-grade custody and execution.

As of now, the company holds 280.14 BTC, including 235.83 BTC received from investors who subscribed with Bitcoin in the private placement.

Rapid Capital Raise, High-Caliber Board Members Join

The raise attracted participation from major crypto venture capital firms like FalconX, Pantera, Borderless, and Relayer Capital, alongside traditional financial institutions and company leadership. Volcon secured over $500 million in just seven days.

Several prominent figures joined the board:

Ryan Lane, founder of Empery Asset Management, appointed Chairman and Co-CEO

Ian Read, former Chairman and CEO of Pfizer, appointed to the board

Rohan Chauhan, Director of Strategy at Gemini, joined the board

Matthew Homer, board member at Gemini Trust, also joined

Aiming to Become a Trusted Global Bitcoin Treasury

The company is positioning itself as a low-cost, capital-efficient, globally trusted Bitcoin treasury, with future listings across multiple trading venues. All future stock offerings will depend on market conditions.

Meanwhile, Volcon is also transforming its powersports business to an asset-light model, focusing on efficient capital usage and global sourcing of affordable products into the U.S.