Zeta Network is using Bitcoin as the foundation for a major expansion of its treasury. The company said it leveraged SolvBTC to secure a $231 million investment dedicated to scaling its financial resources.
Summary
- Zeta Network secured a $231 million Bitcoin-backed investment through a private placement using SolvBTC, a yield-generating wrapped Bitcoin token.
- The deal involves Class A shares and one-for-one warrants sold at $1.70 per unit, with each warrant exercisable at $2.55.
- The company said the move strengthens its balance sheet and underscores its long-term confidence in Bitcoin’s fundamentals.
According to a press release dated Oct. 15, Zeta Network Group has entered into a securities purchase agreement for a private investment in public equity totaling approximately $230.8 million.
Per the deal’s structure, the proceeds will be paid to Zeta not in U.S. dollars but in either Bitcoin (BTC) or SolvBTC, a Bitcoin-backed yield-generating token. This capital infusion, expected to close on Oct. 16, will be used to acquire company shares and warrants, directly expanding Zeta’s treasury with a digital asset designed for institutional use, the company said.
Bitcoin-backed structure reinforces Zeta’s treasury strategy
Under the terms of the private placement, Zeta Network is issuing Class A ordinary shares and one-for-one warrants, each exercisable at $2.55 per share. The securities are being sold together at a combined price of $1.70 per unit, creating a structured financing mechanism that gives investors both equity exposure and an option on Zeta’s long-term valuation.
Zeta Network framed this move as a disciplined, counter-cyclical strategy that strengthens its conviction in Bitcoin’s long-term fundamentals. By accepting a Bitcoin-backed instrument as payment, the company is aligning its treasury with the digital asset’s perceived value and
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Author: Brian Danga
