Online reports that Volcon, a NASDAQ-listed company in the United States, announced that its board of directors has approved the share repurchase plan and expects to repurchase up to US$100 million of the company's outstanding common stock in the next 24 months to support the increase in the net value of BTC per share. The company emphasized that Share repurchase may be carried out from time to time through open market transactions (at current market prices), negotiated transactions, or other means in accordance with federal securities laws, and the share repurchase plan may be modified, suspended or terminated as it deems necessary or appropriate. In addition, Volcon also announced that it has sold multiple short-term put options contracts, giving it the opportunity to buy more bitcoin at prices of $115,000,$116,000 and $117,000, while charging option fees to reduce the cost of holding bitcoin.