Volcon, a US electric vehicle company you may have never heard of, has pulled in some traditional VC and crypto funds, raising over $500 million in a private placement and directly buying 280 bitcoins.

They haven't done anything else—no project investments, no capacity expansions, no concept cars; after financing, they directly exchanged for $BTC. You’ve definitely heard of the investors: Empery led the round, and FalconX, Pantera, Borderless, RK Capital are all involved.

Now, not only retail investors are afraid of missing out, but even publicly listed companies are worried about entering late.

Why do I say this?

1️⃣

The purchasing power of the dollar has shrunk by over 20% since 2020.

2️⃣

Bitcoin has increased by over 250% during the same period.

3️⃣

There are now over 50 publicly listed companies holding $BTC, with total holdings exceeding 300,000 coins (accounting for 1.5% of the total supply).

In fact, 280 coins isn’t a lot, but its symbolic significance is enormous.

This already indicates that companies don't want their money just sitting in the bank anymore; they would rather bear some volatility and invest in assets that can preserve their value.

Moreover, this isn't just a whim; they bought after raising $500 million, with financing structure, price, and partners being solid and not just talk.

In my view, $BTC has not yet completed its journey; large funds are just beginning to enter the market.

I will continue to hold, not in a hurry to exit.

We also need to keep an eye on BTC L2; projects like Stacks, BOB, and Merlin are still in early stages, but if the Bitcoin narrative gains traction with institutions and the mainstream market, they are the most likely to take off.