TechFlow news, September 30 — ZOOZ Power Limited announced today (September 30) the completion of its first purchase of 525 bitcoins for a total value of $60 million, at an average acquisition price of approximately $114,000 per bitcoin. The company has secured $159 million in private funding, with plans to allocate 95% toward long-term bitcoin reserves. Additionally, ZOOZ has filed Form F-3 with the U.S. Securities and Exchange Commission to raise up to $1 billion to advance its business development. Strategic investors include well-known institutions such as Pantera Capital and FalconX.
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