Firms Utilize Bitcoin Holdings to Transform Shareholder Value Indicators
Businesses See Gains as Crypto Holdings Lift Stock Performance
Recent shifts in the business world reveal a mounting pattern of companies utilizing cryptocurrency assets to drive up shareholder returns.
ZOOZ Power Ltd., which is traded on both Nasdaq and the Tel Aviv Stock Exchange (TASE), further illustrates this approach. The company secured approval from shareholders for a $180 million private offering to support its strategy of holding Bitcoin in its treasury. About 95% of the funds raised—close to $171 million—will be used to buy around 1,470 BTC, making ZOOZ one of the world’s 50 biggest public Bitcoin holders ZOOZ Shareholders Approve Previously Announced $180 Million Private Placement [ 3 ]. This plan, supported by major investors such as Pantera Capital and FalconX, aims to deliver lasting value by increasing direct Bitcoin exposure. Following the approval, ZOOZ’s stock jumped more than 65%, highlighting investor enthusiasm for its shift to a crypto-focused approach ZOOZ Power Shares Surge After Approval of Bitcoin Reserve Strategy [ 4 ].
The reasoning driving these initiatives centers on refining capital management to capture Bitcoin’s volatility and potential for appreciation. Empery Digital’s leadership stressed that buying back shares at below-NAV prices boosts shareholder equity by raising the amount of Bitcoin per share—a key metric for investors Empery Digital Accelerates Share Repurchases: $18.8 Million in Shares Bought Back [ 5 ]. Similarly, ZOOZ’s CEO, Jordan Fried, pointed to the advantage of being listed in two markets, allowing the company to expand its Bitcoin reserves while serving both American and Israeli investors ZOOZ Power Leaps as Investors Back Bold Bitcoin Strategy [ 6 ].
Financial data highlights the results of these approaches. Empery’s Bitcoin NAV has climbed as share repurchases reduce the denominator in the per-share calculation, while ZOOZ’s anticipated Bitcoin NAV after its fundraising is set to enhance its overall value. Market analysts indicate that the market-to-fair book value (MFBV)—which weighs a company’s market value against its net Bitcoin assets after debt—is becoming a key way to assess crypto-focused treasury firms A New Way To Value Bitcoin Treasury Companies [ 7 ]. As ZOOZ continues purchasing Bitcoin, its MFBV is expected to show a premium, provided Bitcoin’s price remains steady or increases.
Overall, the market has responded favorably, as both companies use their treasury strategies to draw in institutional and retail investors who may not be able to hold Bitcoin directly. Empery’s stock price has remained steady despite the ups and downs of the crypto market, while ZOOZ’s impressive rally after the vote demonstrates the market’s appetite for companies with innovative capital management. Yet, there are still risks, including regulatory changes and the unpredictability of Bitcoin prices, which could challenge the long-term viability of these strategies How Companies Measure Bitcoin Strategy Success: Inside the Metrics That Matter [ 8 ].
As more businesses adopt Bitcoin treasury strategies, there will likely be a greater emphasis on measures like BTC yield, BTC gain, and MNAV. These indicators help clarify how well companies are using capital to benefit shareholders in the fast-changing digital asset sector. The examples set by Empery and
