The shareholders of the publicly listed company ZOOZ Power approved a fundraising of 180 million dollars to establish a Bitcoin treasury.

[ZOOZ Power Shareholders Approve $180 Million Fundraising to Establish Bitcoin Treasury] ZOOZ Power, a dual-listed company on the NASDAQ and Tel Aviv Stock Exchange, announced that its shareholders approved the previously announced $180 million fundraising to establish a Bitcoin treasury during a special shareholders' meeting. The company plans to use approximately 95% of the net proceeds from the fundraising (after repaying the outstanding promissory notes) to purchase and hold Bitcoin, making it the first company to adopt a Bitcoin treasury reserve strategy while being dual-listed on both the NASDAQ and the Tel Aviv Stock Exchange.

BTC-1.54%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)