Volcon (VLCN) shares skyrocketed over 400% after announcing Bitcoin as their primary treasury reserve asset, raising $500 million for BTC investment. Stock surged 900% from May low. Strategy aims to attract crypto investors, boost brand visibility, and diversify balance sheet beyond fiat currencies.

Investors optimistic about Volcon’s Bitcoin move, following MicroStrategy’s success. However, caution advised due to disappointing financials, with $2.46 million loss and 30% revenue drop in latest quarter. Tariffs pose additional threat, raising concerns about cash burn and lack of Wall Street analyst coverage.

Despite Bitcoin strategy, Volcon remains high-risk speculative play for second half of 2025. Lack of major analyst coverage signals limited institutional interest, low liquidity, and high risk. Concerns about transparency, credibility, and ability to attract sustainable capital support persist for the EV company.

Read more at Yahoo Finance: Volcon Is Pivoting to a Bitcoin Treasury Model. Should You Buy VLCN Stock Here?