Israeli “green” energy firm ZOOZ Power launches Bitcoin Reserve Strategy, secures $180 million private placement with accredited investors.
ZOOZ Power (NASDAQ, TASE: ZOOZ) has announced a $180 million PIPE deal to support its new Bitcoin reserve strategy, becoming the first company dual-listed on NASDAQ and TASE to hold Bitcoin. The board appointed crypto entrepreneur Jordan Fried as CEO to lead this digital asset initiative, while Erez Zimmerman continues to head the company’s energy tech division. Backed by investors like Pantera Capital and FalconX, this move marks the largest capital raise for a digital asset strategy by a non-U.S. public firm.
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