ZOOZ Power Ltd., dual-listed in the U.S. and Israel, has purchased 525 Bitcoin worth approximately $60 million, officially transitioning into a Bitcoin treasury reserve company.
The acquisition was funded using around 95% of the proceeds from its recently closed $159 million private placement, which drew backing from Pantera Capital, FalconX, and Arrington Capital.
The company had first outlined its revised focus on July 29, with shareholders formally approving the strategy on September 19. By adopting a Bitcoin treasury model, ZOOZ Power joins the ranks of publicly traded companies diversifying corporate reserves with crypto assets.
The company also plans to raise $1 billion to strengthen its balance sheet and expand investor exposure to Bitcoin. ZOOZ Power’s approach, closely watched on both the Nasdaq and Tel Aviv Stock Exchanges, highlights the growing shift among corporate treasuries away from traditional assets and toward digital reserves, reflecting Bitcoin’s expanding role in global financial strategies.
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