Publicly listed company ZOOZ announces completion of its first purchase of 525 Bitcoins
On September 30th, ZOOZ Power Limited announced today (September 30th) that it has completed the first purchase of 525 bitcoins, with a total value of $60 million, at an average purchase price of approximately $114,000 per bitcoin. The company has raised $159 million in private financing, with 95% planned for long-term bitcoin reserves. In addition, ZOOZ has submitted an F-3 form to the U.S. Securities and Exchange Commission, planning to raise up to $1 billion to advance its business development. Strategic investors include Pantera Capital, FalconX, and other well-known institutions.
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