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. ๐ช๐ธ
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 soundsโฆ exciting, and slightly terrifying-exactly how we like it at brunch. ๐ฅ๐ช
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. Itโs not gossip, itโs capital allocation, darling. ๐ฌ๐ฐ
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 โglobal bitcoin treasury.โ Itโs corporate babble with a shiny new sticker. ๐๐ช
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. Itโs the grown-up version of stashing cash in a piggy bank, only shinier and more volatile. ๐ ๐งท
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 โcheersโ or โoh no, not again.โ ๐๐งช
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. ๐๐ช
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. ๐๐
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. ๐๐
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2025-09-30 21:56