Nasdaq-listed electric vehicle company Volcon (VLCN) has successfully raised $500 million, according to cryptocurrency market insights platform Unfolded. This substantial capital infusion is earmarked for a strategic move into the Bitcoin (BTC) market. Volcon had previously announced its intention to raise $500 million through a private placement. The company plans to allocate over 95% of these funds towards acquiring Bitcoin, signaling a significant bet on the cryptocurrency's future. While details regarding the specific timing and execution of the Bitcoin purchases remain scarce, the move highlights a growing trend of publicly traded companies incorporating Bitcoin into their treasury strategies. This decision could potentially diversify Volcon's assets and offer a hedge against traditional market volatility, aligning the company with a growing number of institutional investors recognizing Bitcoin's potential as a store of value. ```

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