Listed company Volcon increased its holdings by 316.8 BTC, with a total position of more than 3,500
According to online reports, Volcon (Nasdaq: VLCN) announced that it has purchased 316.8 new bitcoins since July 25, for a total purchase price of US$37.3 million. As of press time, the company holds 3,500.18 bitcoins, with a total investment of approximately US$412 million, and an average purchase cost of US$117,683. The company used derivatives strategies to reduce the cost of Bitcoin purchases and sold some short-term put options with exercise prices ranging from $115,000 to $118,000.
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