Internet reports that Volcon, a U.S. listed electric vehicle company, purchased 280.14 BTC for the first time and completed more than US$500 million in private equity financing to purchase Bitcoin. It was previously reported that on July 17, electric vehicle company Volcon announced that it would adopt a Bitcoin financial strategy. It has reached a securities purchase agreement with certain institutions and qualified investors to purchase and sell 50,142,851 common shares through private placement at a price of US$10 per share, and total revenue is expected to exceed US$500 million, net of placement agency fees and other issuance expenses (private placement). Emperor led the offer, and participants in the offering include well-known crypto venture capital firms and infrastructure providers such as FalknX, Pantera, Borderless, RK Capital and Relayer Capital, as well as traditional financial investors.