ZOOZ Power buys 329 bitcoin for $40 million, reaches 854 total

ZOOZ Power Ltd. (NASDAQ: ZOOZ) purchased 329 bitcoin for approximately $40 million, according to a company statement. The acquisition brings the company's total bitcoin holdings to 854 bitcoin, valued at more than $100 million.

The purchase represents part of ZOOZ's bitcoin treasury reserve strategy. Chief Executive Officer Jordan Fried stated the company aims to "buy bitcoin and hold it for the long-term, giving investors exposure to the Bitcoin asset class via ZOOZ equity."

ZOOZ funded the bitcoin purchases using proceeds from a private placement initially announced on July 29, 2025. The company has acquired its total 854 bitcoin holdings for an aggregate consideration of $100 million.

The company describes itself as providing the first New Israeli Shekel denominated bitcoin exposure for investors in the market. ZOOZ shares trade on both NASDAQ and the Tel Aviv Stock Exchange under the ticker ZOOZ.

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