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- 📢 Gate Square Ambassador Recruitment is Now Open! 🔥
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ZOOZ Power completed a $5 million first round private sale financing to promote its Bitcoin treasury strategy.
Odaily News ZOOZ Power (NASDAQ/Tel Aviv Stock Exchange: ZOOZ) announced the completion of its first round of $5 million private sale financing, with an issuance price of $2 per share. This financing is the first phase of the $180 million private sale plan for institutional investors previously announced by the company. Upon obtaining shareholder approval, approximately 95% of the proceeds from the private sale will be used to implement a Bitcoin reserve strategy. This move will make ZOOZ the first dual-listed company on NASDAQ and the Tel Aviv Stock Exchange to adopt Bitcoin as a reserve asset.