Volcon Launches Strategic Bitcoin Treasury Program and Expands Share Repurchase Authorization to $100 Million
Volcon, Inc. (NASDAQ: VLCN), a forward-thinking company at the intersection of technology and finance, has announced significant developments in its corporate strategy, including the initiation of a strategic Bitcoin treasury program and an expansion of its share repurchase authorization to $100 million. These moves underscore Volcon’s commitment to leveraging Bitcoin as a cornerstone of its treasury strategy while enhancing shareholder value through disciplined capital allocation.
Building a Bitcoin-Centric Treasury Strategy
As of July 25th at 8:00 a.m. ET, Volcon holds 3,183.37 BTC, acquired for an aggregate purchase price of approximately $375 million. This translates to an average purchase price of $117,697 per BTC. The Company’s treasury strategy reflects its strong conviction in Bitcoin as a durable, long-term store of value and a powerful treasury reserve asset. By allocating a significant portion of its treasury to Bitcoin, Volcon aims to position itself as a leader in offering investors efficient and cost-effective exposure to Bitcoin through the public equity market.
To further enhance this strategy, Volcon has also engaged in selling various short-term put contracts. These contracts provide the Company with the opportunity to potentially acquire additional Bitcoin at strike prices of $115,000, $116,000, and $117,000 while simultaneously collecting option premiums. This approach not only aligns with Volcon’s ongoing Bitcoin acquisition efforts but also helps reduce the effective purchase price of Bitcoin over time.
“Our treasury strategy reflects our conviction in Bitcoin as a durable, long-term store of value and a powerful treasury reserve asset,” said Ryan Lane, Co-CEO of Volcon. “As a continuous aggregator of BTC, we will leverage our team’s decades of hedge fund experience to implement creative ways to lower the effective purchase price of BTC. Our goal is to offer investors the most efficient, least dilutive, and lowest-cost means of gaining exposure to Bitcoin through the public equity market treasury structure.”
This innovative approach highlights Volcon’s dedication to maximizing shareholder value while maintaining a disciplined and strategic focus on Bitcoin accumulation. By combining direct purchases with options strategies, Volcon is positioning itself to capitalize on market opportunities and build a robust Bitcoin treasury.
Expanding Share Repurchase Authorization to $100 Million
In addition to its Bitcoin-focused initiatives, Volcon has announced that its board of directors has authorized an increase in the Company’s stock repurchase program. Under the expanded program, Volcon is now authorized to repurchase up to $100 million of its outstanding shares of common stock, par value $0.00001, over the next 24 months. This move underscores the Company’s confidence in its financial position and its commitment to supporting shareholder value.
The share repurchase program provides Volcon with the flexibility to buy back shares at opportune moments, particularly when the stock price trades below its net asset value (NAV) per share. By repurchasing shares, Volcon can effectively increase the NAV per share and potentially enhance the Bitcoin-per-share ratio for remaining shareholders. This strategy aligns with the Company’s broader goal of optimizing capital allocation and delivering value to investors.
Shares may be repurchased from time to time through open market transactions at prevailing market prices, privately negotiated transactions, or other means in accordance with federal securities laws. The timing, number, and value of shares repurchased under the program will be determined at management’s discretion, taking into account factors such as the market price of Volcon’s common stock, general market conditions, economic trends, and applicable legal requirements.
Volcon’s board of directors will periodically review the implementation of the share repurchase program and reserves the right to modify, suspend, or terminate the program as deemed necessary or desirable. The Company expects to fund any repurchases using its existing cash balance, ensuring that the program does not strain its financial resources.
A Dual-Focused Strategy for Long-Term Growth
Volcon’s dual-focused strategy—centered on Bitcoin accumulation and share repurchases—demonstrates its commitment to creating long-term value for shareholders. By building a substantial Bitcoin treasury, the Company is positioning itself as a key player in the growing ecosystem of companies adopting Bitcoin as a treasury asset. At the same time, the expanded share repurchase authorization reflects Volcon’s confidence in its intrinsic value and its ability to execute on its strategic priorities.
The combination of these initiatives highlights Volcon’s innovative approach to capital allocation and its belief in the transformative potential of Bitcoin. By leveraging its team’s extensive experience in hedge fund strategies, Volcon is implementing creative solutions to lower the cost of Bitcoin acquisition while maintaining a disciplined and shareholder-friendly approach to managing its equity.
About Volcon
Effective as of July 17, 2025, the Company adopted a bitcoin treasury strategy with the goal of becoming a leading, low cost, capital efficient, globally trusted aggregator of Bitcoin. Volcon was founded as the first all-electric power sports company sourcing high-quality and sustainable electric vehicles for the outdoor community. Volcon electric vehicles are the future of off-roading, not only because of their environmental benefits but also because of their near-silent operation, which allows for a more immersive outdoor experience.
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