Listed company ZOOZ announces completion of its first purchase of 525 bitcoins
On September 30, ZOOZ Power Ltd. announced the completion of its first purchase of 525 bitcoins, with a total value of $60 million and an average purchase price of approximately $114,000 per bitcoin. The company has secured $159 million in private financing, with plans to allocate 95% of it for long-term bitcoin reserves. In addition, ZOOZ has submitted an F-3 form to the U.S. Securities and Exchange Commission, intending to raise up to $1 billion to advance its business development. Strategic investors include well-known institutions such as Pantera Capital and FalconX.
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