U.S. publicly traded company ZOOZ has announced a $180 million private placement to launch a Bitcoin corporate treasury reserve strategy.

BlockBeats News, July 29th, according to Globenewswire, U.S. listed company ZOOZ Power Ltd. (ZOOZ) announced a private placement of $180 million, launching a Bitcoin corporate treasury reserve strategy. This PIPE deal is subject to shareholder approval and is expected to sell 180 million shares of common stock and warrants at a price of $1 per share. Participants in this PIPE deal include strategic investors Pantera Capital, FalconX, Arrington Capital, UTXO Management, ATW Partners, and well-known Israeli investor Alex Rabinovitch.