ZOOZ Power Ltd., a company dual-listed in the U.S. and Israel, announced on Tuesday that it has purchased 525 Bitcoin for approximately $60 million.
The acquisition marks the official launch of the company’s new corporate strategy to operate as a Bitcoin treasury reserve company, offering shareholders direct exposure to the digital asset.
A Shareholder-Approved Pivot
The purchase was funded using about 95% of the net proceeds from a recently closed $159 million private placement (PIPE) that included investors such as Pantera Capital, FalconX, and Arrington Capital.
The company first outlined its revised focus on July 29, 2025, and shareholders approved the plan on September 19, 2025. According to the announcement, ZOOZ Power intends to operate as a “global bitcoin treasury.”
Scaling its Bitcoin Holdings
ZOOZ Power’s move places it among the publicly traded firms that have added Bitcoin to their balance sheets as part of a treasury strategy.
The company’s planned $1 billion raise and the performance of its Bitcoin-focused model on the Nasdaq and Tel Aviv Stock Exchanges will provide further insight into how such strategies are received by investors.
Why This Matters
ZOOZ Power’s formal shift into a Bitcoin holding company underscores how some publicly traded firms are expanding their treasury strategies beyond traditional assets.
In a somewhat parallel example, Hyperion DeFi (NASDAQ: HYPD) recently made a direct on-chain acquisition of $10 million worth of its native token HYPE—moving from passive holdings to active ecosystem participation.
Next steps include the company’s planned $1 billion capital raise, the rollout of its Bitcoin-per-share disclosures and risk guardrails, and its performance on the Nasdaq and Tel Aviv exchanges.
Also read: Tether Buys 8,888 Bitcoin Worth $1 Billion For Reserves
