According to an announcement from BiJie.com, ZOOZ Power (NASDAQ/Tel Aviv Stock Exchange: ZOOZ) has completed its first round of $5.00 million private sale financing, with an issuance price of $2.00 per share. This financing is the first phase of the company's previously announced $180 million private sale plan for institutional investors. Upon obtaining shareholder approval, approximately 95% of the proceeds from the private sale will be used to implement a Bitcoin reserve strategy. This move will make ZOOZ the first dual-listed company on NASDAQ and Tel Aviv to adopt Bitcoin as a reserve asset.

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