Shareholders of the listed company ZOOZ Power approved a $180 million fundraising to establish a Bitcoin treasury

ChainCatcher news, dual-listed company ZOOZ Power on the Nasdaq and Tel Aviv Stock Exchange announced that its shareholders have approved the previously announced $180 million fundraising at a special shareholder meeting to establish a Bitcoin treasury. The company plans to use approximately 95% of the net proceeds from the fundraising (after repaying outstanding promissory notes) to purchase and hold Bitcoin, making it the first company to dual-list on the Nasdaq and Tel Aviv Stock Exchange and officially adopt a Bitcoin treasury reserve strategy.