Volcon (VLCN), an electric vehicle (EV) company listed on the Nasdaq, has revealed its Bitcoin holdings, currently totaling 280.14 BTC. This disclosure highlights the company's strategy of diversifying its assets and leveraging cryptocurrency within its financial operations. The company had earlier announced raising $500 million through a private placement. A significant portion, over 95%, was earmarked for Bitcoin acquisition. As of the latest update, 235 BTC of their holdings were obtained in lieu of cash during this private placement. Volcon's move into Bitcoin reflects a growing trend of publicly traded companies exploring digital assets as part of their investment strategies. This could potentially attract investors interested in both the EV market and cryptocurrency exposure. The company focuses on off-road electric vehicles and is expanding its market presence. Holding BTC could be a hedge against inflation or act as a treasury reserve asset. ```

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