ZOOZ Power Ltd. has announced a $180 million private placement to advance its Bitcoin treasury reserve strategy.
The transaction involves issuance of 180 million shares priced at $1.00 per share. This funding initiative requires approval at an upcoming shareholder meeting before finalization.
Prominent investors backing the placement include Pantera Capital, FalconX, Arrington Capital, UTXO Management, ATW Partners, and Israeli investor Alex Rabinovitch.
The capital will enable ZOOZ Power to implement a Bitcoin treasury strategy aimed at diversifying corporate assets. This approach seeks to leverage Bitcoin’s perceived long-term value appreciation potential.
Proceeds will also support operational scaling initiatives and strategic technology investments. Investors are advised to review risks associated with Bitcoin volatility and equity markets prior to participation.