Shares of ZOOZ Power Ltd. experienced a notable uptick on Friday, following the company’s approval of a Bitcoin treasury reserve, marking it as the first dual-listed entity on both the Nasdaq and the Tel Aviv Stock Exchange to adopt this approach. This significant development was ratified during an extraordinary general meeting where shareholders endorsed a range of proposals concerning financing arrangements, board appointments, and amendments to the company’s charter.
ZOOZ Power is set to conclude the Bitcoin transaction during the week of September 22, 2025, pending final documentation and customary regulatory conditions. The company plans to allocate approximately 95% of the net proceeds—after settling existing notes—toward acquiring Bitcoin for its corporate balance sheet. This initiative positions ZOOZ as a pioneer in the digital asset landscape, aimed at attracting innovative investors focused on cryptocurrency.
In addition to the treasury approval, shareholders voted in favor of the election of Alberto Franco and Jonas Grossman to the board. Approval was also granted for increases in share capital to ensure compliance with the regulatory requirements of both Nasdaq and TASE.
CEO Jordan Fried emphasized that the establishment of the Bitcoin treasury could serve as a major growth catalyst for the company. With shareholder consent secured, he remarked that ZOOZ is “poised to leverage every resource available” typical of a dual-listed entity.
This move follows ZOOZ’s earlier announcement in July about a $180 million private placement aimed at fortifying its Bitcoin reserve, a step the company described as crucial for reinventing its treasury management model.
ZOOZ Power’s strategy aligns with a growing trend among companies integrating cryptocurrency into their financial reserves. This development echoes similar strategies executed by firms like MicroStrategy, now known as Strategy, and Coinbase, capturing the attention of the investment community. Related investment vehicles, such as the ProShares Bitcoin Strategy ETF and the Invesco QQQ Trust, are also gaining traction.
As of the latest trading session, ZOOZ shares were noted to be trading 34.48% higher at $3.13.
