COINOTAG News (Sept. 19), citing Globenewswire, reports that US-listed company ZOOZ Power secured shareholder approval at a Special Shareholders Meeting to proceed with a $180 million fundraising aimed at creating a Bitcoin Treasury program. The firm disclosed it will allocate roughly 95% of net proceeds to purchase and hold Bitcoin, reflecting a targeted capital allocation decision.

The transaction is positioned to increase ZOOZ Power’s balance-sheet exposure to digital assets while retaining liquidity for corporate operations. Management frames the initiative as a treasury management strategy focused on long-term asset allocation rather than short-term trading, with proceeds earmarked primarily for crypto accumulation in accordance with disclosed plans.