In a move that can only be described as either visionary or wildly speculative (depending on whom you ask), ZOOZ Power has convinced its shareholders to toss nearly all their fresh capital into the digital abyss known as Bitcoin. 🎭
ZOOZ Power: Because Charging Cars Wasn’t Dramatic Enough ⚡
ZOOZ Power Ltd. (Nasdaq and TASE: ZOOZ), a company previously known for making electric vehicles charge faster-a noble, if somewhat mundane pursuit-has decided that what the world really needs is another corporate Bitcoin gambit. On Sept. 19, shareholders nodded along to a $180 million PIPE deal, because nothing says “strategic vision” like converting 95% of your cash into internet money. 💸
“Proceeds from the PIPE will primarily be used to launch ZOOZ’s Bitcoin Treasury Reserve Strategy,” the company declared, presumably while sipping champagne and ignoring the skeptics.
CEO Jordan Fried, ever the optimist, waxed poetic:
“As ZOOZ solidifies its position as a dual-listed Bitcoin treasury pioneer, investors will now have seamless access to our model.” Translation: “Buckle up, folks-this ride may or may not end in tears.” 🎢
ZOOZ now joins the illustrious ranks of companies like Strategy (Nasdaq: MSTR), who have decided that holding Bitcoin is less of an “investment” and more of a “philosophical statement” against the tyranny of fiat currency. 🌍💸
And why stop at corporations? Some nations are flirting with Bitcoin reserves too-because if there’s one thing history teaches us, it’s that volatile, decentralized assets make for excellent national policy. 🏛️🤷♂️
So, whether this is genius or madness remains to be seen. But one thing’s certain: ZOOZ Power has ensured that its shareholders will either be laughing all the way to the bank… or crying into their Satoshis. 😂😭
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2025-09-21 06:57