Zooz Power Ltd. Makes a Bold Move with Bitcoin Treasury Reserve Strategy
In a groundbreaking announcement on July 29, 2025, Zooz Power Ltd., an Israel-based company known for its innovative flywheel energy storage technology, has unveiled a strategic pivot that is set to redefine its financial landscape. The company, formerly known as Chakratec Ltd., has announced a $180 million private placement (PIPE) aimed at launching a Bitcoin Treasury Reserve Strategy. This move marks Zooz as the first company listed on both Nasdaq and the Tel Aviv Stock Exchange (TASE) to hold Bitcoin in its treasury.
The PIPE involves the sale of 180 million ordinary shares at $1.00 per share to institutional investors, including notable names such as Pantera Capital, FalconX, and Arrington Capital. In addition to this, Zooz has initiated a separate $5 million private placement at $2.00 per share, accompanied by warrants. This strategic financial maneuver is expected to bolster Zooz’s position in the rapidly evolving digital asset space.
A significant aspect of this announcement is the leadership transition within Zooz. Jordan Fried, a founding member of Hedera Hashgraph, is set to take the helm as CEO starting July 31, 2025. The board will also welcome new directors, including Todd Thomson, the former CFO of Citigroup, among other distinguished executives. This leadership overhaul is anticipated to drive Zooz’s strategic initiatives forward, particularly its foray into Bitcoin.
Zooz plans to allocate 95% of the net proceeds from the PIPE towards its Bitcoin treasury strategy, after repaying $3 million in promissory notes. This bold move underscores Zooz’s commitment to integrating digital assets into its financial strategy, potentially setting a precedent for other companies in the industrials sector.
Financial Snapshot of Zooz Power Ltd.
As of July 27, 2025, Zooz Power Ltd. reported a close price of $3.51 on Nasdaq, with a 52-week high of $4.38 and a low of $0.725. The company’s market capitalization stands at approximately $119.38 million, with a price-to-earnings ratio of -1.17, reflecting its current financial performance and market valuation.
Zooz’s core business revolves around providing flywheel energy storage technology, primarily aimed at facilitating the mass adoption of electric vehicles (EVs) through fast and ultra-fast charging solutions. The company’s Kinetic Power Booster technology enables unlimited high-power charge and discharge cycles, positioning Zooz as a key player in the EV charging infrastructure space.
Conclusion
Zooz Power Ltd.’s strategic pivot towards a Bitcoin Treasury Reserve Strategy, coupled with significant leadership changes, marks a new chapter in the company’s journey. As Zooz navigates the complexities of integrating digital assets into its financial strategy, the industry watches closely to see how this move will influence its market position and the broader adoption of cryptocurrencies in corporate treasuries. With its innovative approach to EV charging solutions, Zooz continues to push the boundaries of technology and finance, setting new standards for the industrials sector.