Odaily Planet Daily News: The U.S. stock-listed electric vehicle company Volcon (NASDAQ code: VLCN) announced over $500 million in private financing, planning to allocate at least 95% of the funds to purchase Bitcoin as the company's primary reserve asset. This financing is led by Empery Asset Management, with well-known crypto venture capital firms such as FalcolnX, Pantera, and Borderless participating. Volcon Co-CEO John Kim stated that in an era of accelerating currency devaluation, holding Bitcoin is a strategic move to safeguard shareholder value. The transaction is expected to be completed on July 21. (Business Insider)