In a strategic shift that highlights the increasing institutional adoption of Bitcoin, ZOOZ Power has appointed Jordan Fried, co-founder of Hedera Hashgraph, as its incoming chief executive officer and board director. This move positions the company at the forefront of crypto treasury innovation, supported by a strong funding round and international expansion.
ZOOZ Power Secures $180M for Bitcoin Treasury
Tel Aviv-based ZOOZ Power, a leading energy management solutions provider, has announced a $180 million private investment to back its Bitcoin reserve strategy.
This makes ZOOZ the first dual-listed Bitcoin treasury company on both the U.S. Nasdaq and Israelās TASE.
The company intends to use approximately 95% of the proceeds to accumulate Bitcoin reserves while repaying $3 million in debt obligations. An additional $5 million private placement is expected to close shortly to support further corporate initiatives.
Strategic Leadership and Global Board Expansion
Jordan Friedās appointment signals a major pivot into digital assets, leveraging his experience in blockchain and institutional finance.
He will officially take over at the end of the month, alongside new board members John Christodoroāa veteran with board experience at firms like PayPal and Herbalifeāand Todd Thomson, former CFO of Citigroup.
This leadership expansion reflects ZOOZās ambition to scale its presence in digital finance while maintaining its core energy infrastructure business.
Institutional Backing Strengthens Market Confidence
The funding round attracted participation from notable venture capital firms including Pantera Capital, FalconX, and Arrington Capital. These firms’ involvement is seen as a strong vote of confidence in ZOOZ’s evolving business model, which now includes Bitcoin treasury management alongside its EV charging and power systems operations.
The move underscores growing institutional interest in Bitcoin as a reserve asset, particularly in energy-focused industries with high exposure to macroeconomic volatility.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.