By Elias Schisgall
Zooz Strategy will launch a review of strategic alternatives to supplement its strategy of growing its bitcoin treasury.
The news comes as bitcoin prices have fallen 24% over the past month, compounded by the announced sale of around $2.5 million worth of bitcoin by fellow bitcoin-hoarding company Strategy last week.
Still, Zooz said it remains confident in the long-term potential of bitcoin.
"The review and evaluation of strategic alternatives is intended to potentially supplement and enhance the Company's value-creation initiatives and should not be interpreted as a reduction in the Company's commitment to its bitcoin holdings," the company said.
The company said it may review possible mergers or acquisitions, investments, capital market initiatives, or partnerships and joint ventures that could supplement its current strategy.
Write to Elias Schisgall at elias.schisgall@wsj.com
(END) Dow Jones Newswires
June 10, 2026 17:17 ET (21:17 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
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