ZOOZ Power’s stock surged after shareholders approved a massive funding plan and a pioneering strategy to hold bitcoin as a core treasury asset.
Key Takeaways
- ZOOZ Power stock jumped over 260% in pre-market trading after shareholders approved a $180 million private placement.
- About 95% of net proceeds from the offering will be used to build a bitcoin treasury, estimated to be around 1,470 BTC.
- The move positions ZOOZ as the first company dual-listed on Nasdaq and TASE to adopt a bitcoin reserve strategy.
- Backed by major investors like Pantera Capital, FalconX, and Arrington Capital, the plan includes adding new board members and expanding share capital.
What Happened?
ZOOZ Power shares soared on Friday after investors overwhelmingly approved a $180 million private placement and a bold new strategy to hold bitcoin on the company’s balance sheet. The company’s stock climbed as much as 262% in early trading, peaking at $8.44 before settling at $3.84, a 65% increase from the prior day’s close.
The shareholder vote clears the way for ZOOZ to finalize its financing deal and embark on a major pivot into digital assets.
ZOOZ Power surges over 250% following shareholder approval of $180 million offering and bitcoin treasury strategy https://t.co/x3t6gExtd4
— The Block (@TheBlock__) September 19, 2025
ZOOZ’s $180 Million Plan and Bitcoin Bet
ZOOZ Power, based in Tel Aviv and listed on both Nasdaq and the Tel Aviv Stock Exchange (TASE), will use roughly 95% of the offering’s net proceeds to build a bitcoin reserve. After repaying outstanding promissory notes, this equates to acquiring around 1,470 BTC, making ZOOZ one of the top 50 public bitcoin holders globally.
According to company statements and Bitcoin Treasuries data, this would place ZOOZ in the same category as crypto-forward firms like MicroStrategy and Galaxy Digital.
Shareholder Approval Details
At an Extraordinary General Meeting, ZOOZ shareholders approved several key proposals including:
- Issuance of ordinary shares and warrants linked to the $180 million PIPE (private investment in public equity).
- Increasing authorized share capital to accommodate new shares.
- Election of two new board members.
- Approvals required to comply with Nasdaq and TASE regulations for listing.
The company expects to close the PIPE offering during the week of September 22, 2025, pending customary conditions and final documentation.
Leadership and Strategic Direction
ZOOZ’s transformation is being led by Jordan Fried, a notable early investor in Hedera Hashgraph, who has taken over as CEO to spearhead the company’s crypto treasury pivot.
In a public statement, Fried emphasized the strategic advantage of becoming a dual-listed bitcoin treasury entity, saying:
He also highlighted ZOOZ’s unique position, saying it will be the first company listed in both the U.S. and Israel to hold bitcoin as a formal reserve asset.
Big-Name Backers Fuel Confidence
ZOOZ first announced the $180 million private placement in July 2025, securing funding commitments from well-known crypto investment firms:
- Pantera Capital
- FalconX
- Arrington Capital
This level of institutional backing has added credibility to ZOOZ’s ambitious plan and helped boost market confidence.
CoinLaw’s Takeaway
I love seeing bold moves like this. In my experience, when a company makes a strong pivot toward innovation, especially in a volatile space like crypto, it signals a willingness to lead rather than follow. ZOOZ is not just buying bitcoin; it is reshaping its identity around digital assets. That kind of shift takes vision, and Jordan Fried seems to have it. If they follow through, ZOOZ could be a trendsetter for dual-listed firms worldwide. I found the sheer scale of the offering and the aggressive treasury strategy especially fascinating. It’s not a hedge, it’s a commitment.
