Volcon Inc. (NASDAQ: VLCN) announced it now holds 3,183.37 Bitcoin, purchased for approximately $375 million, averaging $117,697 per BTC. The company is also selling short-term put contracts, potentially allowing it to acquire more Bitcoin at lower prices while collecting option premiums to offset costs. This move reflects Volcon’s strong belief in Bitcoin as a long-term store of value and supports its ongoing BTC accumulation strategy.

Co-CEO Ryan Lane said Bitcoin is a powerful treasury asset, and emphasized the company’s goal of offering investors efficient exposure to BTC. Volcon will continue leveraging its hedge fund experience to creatively reduce the effective cost of its BTC holdings, aiming to build value with minimal dilution to shareholders.

The board also approved an increase in Volcon’s stock repurchase program, now authorizing up to $100 million in buybacks over the next 24 months. The program gives the company flexibility to support share value and potentially increase BTC per share when trading below NAV, depending on market and economic conditions.

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