ZOOZ Power Shares Surge After Approval of Bitcoin Reserve Strategy

TLDR ZOOZ shareholders approved a $180 million private placement and Bitcoin reserve strategy. ZOOZ plans to allocate 95% of the funds to build a Bitcoin treasury. The Bitcoin treasury strategy will position ZOOZ among the top 50 public Bitcoin holders. CEO Jordan Fried leads ZOOZ’s shift toward a Bitcoin reserve-focused business model. ZOOZ stock surged [...]

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