Jerusalem, 29 July, 2025 (TPS-IL) — Israeli “green” energy firm zooz power Ltd. announced a $180 million private placement, or PIPE, with accredited institutional investors in connection with its plans to launch a Bitcoin Reserve Strategy and it will also be the first Nasdaq and TASE dual-listed company implementing a long-term strategic Bitcoin treasury. The investors will acquire between them 180 million of the Company’s ordinary shares and pre-funded warrants at a purchase price of $1.00 per ordinary share.
Israel has always been at the forefront when it comes to developing green energies and technologies. The country has little, if any, natural resources, but plenty of sunshine. So, in addition to advancing solar power, Israeli firms, such as ZOOZ, have also been hard at work finding many ways to conserve energy by using less.
ZOOZ Power was the first to introduce a green energy kinetic power booster based on the flywheel technology in the market. ZOOZ offers the ZOOZTER™-100 – battery-free Power Booster that enables “ultra-fast EV charging, while overcoming grid limitations and reducing the carbon footprint of EV charging.”
The Company’s Board of Directors also approved the appointment of Jordan Fried, a serial technology entrepreneur and investor, who is expected to assume the role of Chief Executive Officer and Director of the Company on July 31st, and to immediately begin implementing the Company’s digital asset treasury strategy. Mr. Fried was a founding‑team member of Hedera Hashgraph (HBAR), where he led global go‑to‑market initiatives and strategic investments.
“This is Israel’s first Bitcoin treasury and the largest Bitcoin treasury outside the US,” Jordan Fried told TPS. “We’re proud to bring institutional quality Bitcoin exposure to Tel Aviv Stock Exchange investors with dual listed exposure to Nasdaq. Bitcoin is the best performing asset in human history. It belongs in every Israeli portfolio.”
Fried is an American Jew who loves both Bitcoin and Israel, and, as such, he added that, “it’s an honor to bring Bitcoin exposure to the Israeli capital markets in this way.”
He believes that “Israel has an opportunity to own more bitcoin than any other nation on earth, that’s our mission.”
Participants in the PIPE include strategic investors Pantera Capital, FalconX, Arrington Capital, UTXO Management, ATW Partners and prominent Israeli investor Alex Rabinovitch.
The closing of the PIPE is subject to a shareholder vote, expected to be held on or around September 8, 2025, to approve the terms of the PIPE, an amendment to the Company’s articles of association to increase the number of its authorized shares, the election of two directors and various other items.
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