Listed company ZOOZ announces completion of its first purchase of 525 bitcoins
On September 30, ZOOZ Power Ltd. announced the completion of its first purchase of 525 bitcoins, with a total value of $60 million and an average purchase price of approximately $114,000 per bitcoin. The company has secured $159 million in private financing, with plans to allocate 95% of it for long-term bitcoin reserves. In addition, ZOOZ has submitted an F-3 form to the U.S. Securities and Exchange Commission, intending to raise up to $1 billion to advance its business development. Strategic investors include well-known institutions such as Pantera Capital and FalconX.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
BNB treasury company Nano Labs announces early repayment of convertible bonds to strengthen risk management
Japan's first yen stablecoin issuer JPYC may become a new force in the government bond market
Bitget CEO tells Bloomberg that macro policies in December will determine the direction of the crypto market
