Several publicly traded companies have recently made substantial investments in Bitcoin, reflecting a growing trend of corporate adoption. Paris-based internet-of-things firm Sequans has raised approximately $384 million through a combination of debt and equity offerings to acquire Bitcoin. South Korean Nasdaq-listed entertainment company K Wave Media secured $1 billion in funding to support its Bitcoin treasury strategy, having already made initial purchases worth $15 million and aiming to accumulate up to 10,000 Bitcoin. Additionally, Nasdaq-listed electric vehicle manufacturer Volcon Inc., recently rebranded as Empery Digital, announced the purchase of 3,183 Bitcoin valued at $375 million, with an average acquisition price of $117,000 per Bitcoin. Volcon is also expanding its stock buyback program by $100 million and selling puts to further support its Bitcoin holdings. According to a Fidelity report cited by market analysts, 35 publicly traded companies now hold at least 1,000 Bitcoin each, with individual holdings valued at $100 million or more, underscoring increasing institutional interest in Bitcoin as a corporate treasury asset.
BREAKING 🚨 ELECTRIC VEHICLE MAKER, VOLCON INC, JUST ANNOUNCED THAT THEY BOUGHT 3,183 #BITCOIN FOR $375 MILLION https://t.co/y15fyvFsqn
NEW: FIDELITY REPORTS 35 PUBLIC COMPANIES NOW HOLD OVER 1,000 #BITCOIN WORTH $100 MILLION OR MORE WALL STREET ON A BTC STANDARD. MATTER OF TIME 📈 https://t.co/ACbI54wPVr
NOW: Volcon goes all in on Bitcoin — but buys at the top 🤔 Now rebranded as Empery Digital, the firm holds 3,183 $BTC at an avg. price of $117K Instead of hedging, it's doubling down: selling puts, tightening float and launching a $100M buyback to boost $BTC/share https://t.co/efryNWFjv2