Get all your news in one place.
100's of premium titles.
One app.
Start reading
Barchart
Barchart
Oleksandr Pylypenko

A Key Crypto Insider Wants to Make This Penny Stock the Next MicroStrategy. Should You Buy Shares Here?

Few moves in the small-cap market generate as much buzz as when a well-known crypto insider steps in with bold, transformative plans. That’s exactly what’s happening with ZOOZ Power (ZOOZ), a little-known Israeli energy technology company that’s suddenly making headlines far beyond the EV charging industry. In a surprise strategic pivot, Jordan Fried, blockchain entrepreneur and a founding team member of Hedera Hashgraph, has taken over as CEO with a vision to turn ZOOZ into what could be the next MicroStrategy (MSTR) of the Bitcoin (BTCUSD) world.

The plan? Alongside its existing flywheel-based power boosting and energy management business, ZOOZ will allocate the vast majority of proceeds from a $180 million private placement toward building a Bitcoin reserve. Supporters see the move as visionary — a chance for a niche clean-energy player to align itself with “digital gold” while differentiating from rivals. Skeptics, however, question the risks of tying a penny stock’s fortunes to Bitcoin’s notoriously volatile price swings, particularly when its core business remains far from profitability.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.