Zeta Network Raises $230.8M Accepting $BTC and SolvBTC Payments


#Nasdaq-listed Zeta Network Group completed a $230.8 million private share sale on Wednesday, accepting $BTC and SolvBTC as payment from investors. The arrangement adds crypto assets directly to the company's corporate #treasury as part of a broader digital asset strategy.


Investors received newly issued Class A ordinary shares paired with warrants enabling future share purchases at $2.55 each. The combined share and warrant package sold at $1.70 per unit in the private placement deal.


Patrick Ngan, chief investment officer at Zeta Network, said integrating SolvBTC enhances financial resilience by combining Bitcoin's scarcity with sustainable yield generation. The company develops institutional $BTC platforms and digital infrastructure for fintech applications.


Solv Protocol issues SolvBTC as a wrapped, #Bitcoin-backed token maintaining 1:1 parity with underlying assets. The on-chain asset management platform designs products for institutional use in yield strategies and liquidity provision.


Ryan Chow, CEO of Solv Protocol, said listed entities are redefining productive Bitcoin ownership. The deal demonstrates growing interest in Bitcoin-denominated transactions among publicly traded companies seeking #crypto exposure.


The transaction follows broader trends in corporate treasury diversification strategies. Companies increasingly accept digital assets for capital raises while adding cryptocurrency holdings to balance sheets.

image
October 16, 2025 at 11:46 AM
25
2
1