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TEL AVIV - ZOOZ Strategy Ltd. (NASDAQ:ZOOZ) (TASE:ZOOZ), a $293 million market cap company, announced Tuesday it has purchased an additional 94 bitcoin at an average price of $112,000 per bitcoin, representing a total investment of approximately $10 million. According to InvestingPro data, the company’s financial health score is currently rated as WEAK, with a concerning cash burn rate.
With this latest acquisition, the company’s total bitcoin holdings have increased to 1,036 bitcoin with an aggregate acquisition value of approximately $115 million, according to a company press release.
ZOOZ began implementing its bitcoin treasury strategy in July 2025, positioning itself as the first dual-listed company on Nasdaq and the Tel Aviv Stock Exchange to integrate bitcoin as a core treasury asset.
"We continue to execute on our vision with discipline and speed. Our growing bitcoin treasury underscores our belief in bitcoin’s role as a resilient store of value and a cornerstone of sound financial strategy," said Jordan Fried, CEO of ZOOZ.
The company offers investors bitcoin exposure denominated in New Israeli Shekels (NIS), which it describes as a distinctive opportunity in capital markets.
ZOOZ Strategy, which trades under the ticker ZOOZ on both exchanges, states that its approach to capital allocation involves holding bitcoin as a strategic asset while maintaining financial and regulatory standards.
The company’s stock price may be correlated to bitcoin prices, and digital assets generally involve significant legal, commercial, regulatory, and technical uncertainties, according to risk factors mentioned in the press release. InvestingPro analysis reveals additional risk factors, including a current ratio of 0.77, indicating potential liquidity challenges. Get access to 12 more exclusive ProTips and comprehensive financial analysis with InvestingPro.
In other recent news, ZOOZ Power Ltd announced that its shareholders have approved a $180 million private placement and a Bitcoin Treasury Reserve Strategy. This development follows a vote at an Extraordinary General Meeting, where all proposals related to the private investment in public equity (PIPE) transaction received approval. The company anticipates finalizing the PIPE during the week of September 22, 2025, pending customary closing conditions and final documentation. This strategic move marks a significant financial maneuver for the Israeli company, reflecting its commitment to expanding its capital base and exploring cryptocurrency opportunities. The approval of these proposals suggests a forward-looking approach by ZOOZ Power to diversify its financial strategies. Investors may find these developments noteworthy as they indicate the company’s direction in terms of capital structure and investment strategy.
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