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Zooz Completes $60 Million Bitcoin Purchase

ZOOZ has begun using proceeds to acquire bitcoin, advancing on its path to becoming an institutional-scale, global bitcoin treasury

ZOOZ Power Ltd. (Nasdaq: ZOOZ) (TASE: ZOOZ) (“ZOOZ” or the “Company”) announced the subsequent closing of its private placement initially announced on July 29, 2025, in connection with the Company’s adoption of a bitcoin treasury reserve strategy. The subsequent closing follows the shareholder approvals received at the Company’s extraordinary general meeting held on September 19, 2025. In addition, ZOOZ purchased ₿525 for an aggregate consideration of $60 million, signifying the official launch of its treasury program. On September 29, 2025, the Company filed a shelf registration statement on Form F-3 with the Securities Exchange Commission which, upon effectiveness, will provide the Company with the ability to raise up to $1 billion in additional capital to execute on its business plan.

“With the financing closed, we are moving from plan to execution,” said Jordan Fried, Chief Executive Officer of ZOOZ. “Our focus is simple: deploy capital efficiently into bitcoin, report BTC-per-share clearly to investors, and operate with disciplined risk management so the market understands our guardrails and long-term intent.”

Transaction Highlights

  • Net Cash Proceeds: $159 million, which includes $5 million from the July 2025 PIPE and the potential for an additional $3 million
  • Use of Proceeds: Approximately 95% of net proceeds, intended to acquire bitcoin for long-term treasury management
  • Director Appointment: In connection with the shareholder approval, the Company has re-constituted its Board of Directors. Jordan Fried, Todd Thomson and Samer Haj-Yehia joined following the initial closing of the transaction. Following the shareholder vote, Alberto Franco and Jonas Grossman joined the Board of Directors effective as of the subsequent closing, with Jordan Fried, Todd Thomson, Samer Haj-Yehia all being re-elected
  • Strategic Investors: Include Pantera Capital, FalconX, Arrington Capital, UTXO Management and ATW Partners

Initial Bitcoin Purchase

Using the net proceeds of the subsequent private placement, ZOOZ purchased approximately ₿525 for an aggregate consideration of $60 million. The Company expects to provide regular BTC-per-share transparency and to manage leverage within pre-defined loan-to-value guardrails.