ZOOZ Power Ltd., that bold little darling listed in the U.S. and Israel, announced on Tuesday that it has bagged 525 Bitcoin for roughly $60 million. A bold purchase, or perhaps a midlife crisis with fewer therapists involved. 🪙💸
The move doubles as the official launch of its new corporate shtick: becoming a Bitcoin treasury reserve company. In plain English, shareholders get direct exposure to the digital asset, which sounds… exciting, and slightly terrifying-exactly how we like it at brunch. 🥂🪙
A Shareholder-Approved Pivot
The cash for this flourish came from roughly 95% of the net proceeds of a $159 million private placement (PIPE), with investors such as Pantera Capital, FalconX, and Arrington Capital on the guest list. It’s not gossip, it’s capital allocation, darling. 💬💰
The company first floated this revised focus on July 29, 2025, and shareholders gave their blessing on September 19, 2025. The plan, per the release, is to operate as a “global bitcoin treasury.” It’s corporate babble with a shiny new sticker. 🌍🪙
Scaling its Bitcoin Holdings
Suddenly ZOOZ is squarely in the club of publicly traded firms adding Bitcoin to their balance sheets as part of a treasury strategy. It’s the grown-up version of stashing cash in a piggy bank, only shinier and more volatile. 😅🧷
A looming $1 billion capital raise, plus the performance of this Bitcoin-focused model on Nasdaq and Tel Aviv, will offer more clues about whether investors say “cheers” or “oh no, not again.” 📈🧪
Why This Matters
The move underscores that some publicly traded firms are expanding their treasury strategies beyond boring old assets-introducing Bitcoin to the family silver, if you will. 💍🪙
In a parallel twist, Hyperion DeFi (NASDAQ: HYPD) did a direct on-chain pickup of $10 million worth of its own token, HYPE-proof you can be proactive without being overly earnest. 😏🚀
Next steps: push ahead with the $1 billion capital raise, roll out Bitcoin-per-share disclosures and risk guardrails, and watch Nasdaq and Tel Aviv to see if the market treats this as romance or ruin. 💘📊
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2025-09-30 21:56