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ZOOZ Power Ltd. (NASDAQ:ZOOZ) (TASE: ZOOZ) ('ZOOZ' or the 'Company') today announced that it has completed an additional purchase of 329 bitcoin for around $40 million, bringing its total bitcoin holdings to 854 bitcoin valued at more than $100 million. This milestone marks a significant step forward in the execution of ZOOZ's bitcoin treasury reserve strategy. ZOOZ is the first NIS (New Israeli Shekel) denominated Bitcoin exposure for investors in the market.
"With this additional acquisition, we are accelerating our transformation into an institutional quality bitcoin treasury," said Jordan Fried, Chief Executive Officer of ZOOZ. "Our focus remains unchanged: buy bitcoin and hold it for the long-term, giving investors exposure to the Bitcoin asset class via ZOOZ equity."
Posted In: ZOOZ
