ZOOZ Power Ltd. (Nasdaq and TASE: ZOOZ), a developer of ultrafast power boosters for electric vehicle charging infrastructure, has announced a significant strategic pivot toward Bitcoin treasury allocation. The company has secured shareholder approval to dedicate nearly all incoming capital toward acquiring Bitcoin as part of its corporate reserve assets. This decision underscores a profound commitment to cryptocurrency as a core component of its financial strategy. Operating as a dual-listed entity on both the Nasdaq and Tel Aviv Stock Exchange, ZOOZ Power aims to leverage Bitcoin’s potential as a store of value amid evolving market dynamics. The move reflects growing corporate confidence in digital assets as a viable treasury reserve option. While the company continues to advance its primary business in EV charging solutions, this treasury initiative marks a notable expansion of its strategic vision. Investors and industry observers are closely monitoring how this allocation may influence the company’s financial resilience and long-term growth trajectory.
