Volcon, known as the first manufacturer of fully electric sports cars, has announced the launch of a strategic bitcoin treasury program and the expansion of its stock buyback program to $100 million. The announcement made on July 25, 2025, underscores the company's confidence in bitcoin as a long-term asset and a reliable reserve instrument. Currently, Volcon owns 3183.37 $BTC , valued at approximately $375 million, with an average purchase price of $117,697 per coin.
The strategy includes selling short-term put options that allow the purchase of BTC at prices between $115,000 and $117,000, which reduces costs through premiums. At the same time, the board of directors has increased the stock buyback limit to $100 million for the next 24 months, aimed at supporting net asset value (NAV) per share and potential increases in BTC per share if stock prices fall below NAV. Funds for the buyback will be allocated from current cash reserves.
According to co-CEO Ryan Lane, this initiative reflects the company's conviction in the future of digital assets. Volcon plans to become a global leader in accumulating BTC, leveraging hedge fund expertise to optimize costs. This decision strengthens the company's position in the cryptocurrency market and attracts investor attention.
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