Volcon Expands Bitcoin Bet and Launches $100M Buyback
Volcon now holds 3,183 BTC and expands stock buyback to $100M, signaling strong confidence in Bitcoin.
- Volcon holds 3,183 BTC valued at $375M
- Company sells put options to buy more BTC at lower prices
- $100M stock repurchase program aims to boost shareholder value
Volcon Inc. (NASDAQ: VLCN) is making bold moves in the crypto market. The electric vehicle maker has amassed a massive holding of 3,183 Bitcoin, valued at around $375 million. This puts its average purchase price at approximately $117,697 per BTC — significantly above current market rates, showing the company’s strong long-term belief in Bitcoin’s future.
But Volcon isn’t just sitting on its crypto holdings. The company has actively engaged in selling short-term put options, a strategy that could allow it to acquire more Bitcoin at prices below the current market rate. By doing this, Volcon stands to increase its Bitcoin exposure while potentially earning a premium from the option sales. This signals a tactical and confident approach toward BTC accumulation.
$100 Million Stock Buyback Supports Bitcoin Value Per Share
In addition to its crypto strategy, Volcon has expanded its stock repurchase program to $100 million over the next two years. This buyback is aimed at supporting both the Net Asset Value (NAV) and the Bitcoin per share metrics. By reducing the number of shares in circulation, the company increases the relative value of each remaining share — especially meaningful when those shares represent a larger piece of the company’s Bitcoin assets.
This move aligns with strategies used by other crypto-forward firms aiming to attract investors who see company stock as a proxy for Bitcoin exposure.
Bitcoin as a Core Asset Strategy
With its aggressive BTC accumulation, option-based purchasing strategy, and shareholder-focused stock buyback plan, Volcon is clearly signaling its commitment to Bitcoin as a core asset. For investors, this could make Volcon’s stock an attractive way to gain exposure to Bitcoin with an additional upside from corporate growth and asset management.
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