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ZOOZ Purchases 329 Bitcoin valued at $40 Million, Bringing Total Holding to 854 Bitcoin Valued at More than $100m
ZOOZ Power Ltd.ZOOZ Power Ltd.(US:ZOOZ) Prnewswireยท2025-10-06 12:30

Core Insights - ZOOZ Power Ltd. has completed an additional purchase of 329 Bitcoin for approximately $40 million, increasing its total Bitcoin holdings to 854 Bitcoin valued at over $100 million, marking a significant advancement in its Bitcoin treasury reserve strategy [1][2] - The company aims to transform into an institutional-quality Bitcoin treasury, focusing on long-term holding of Bitcoin to provide investors with exposure to the Bitcoin asset class through ZOOZ equity [2] - ZOOZ is the first dual-listed company on Nasdaq and TASE implementing a long-term strategic Bitcoin treasury, positioning itself as a pioneer in capital allocation and offering shareholders potential long-term asymmetric upside through direct Bitcoin exposure [3] Bitcoin Purchases - To date, ZOOZ has purchased a total of 854 Bitcoin for an aggregate consideration of $100 million, funded by the net proceeds from a private placement announced on July 29, 2025 [2]