Zeta Network Raises $230.8M in Bitcoin-Funded Private Sale
Nasdaq-listed Zeta Network Group has completed a $230.8 million private share placement funded in Bitcoin (BTC) and SolvBTC, issuing Class A common shares and warrants at $1.70 per unit (warrants exercisable at $2.55). The transaction strengthens Zeta’s treasury by adding Bitcoin-based assets to generate sustainable yield. CIO Patrick Ngan said integrating SolvBTC—a 1:1 on-chain pegged wrapped BTC token on Solv Protocol—combines Bitcoin scarcity with institutional-grade yield strategies. Solv Protocol CEO Ryan Chow noted this move reflects a trend of public companies using Bitcoin for active liquidity and yield management. Following similar initiatives by BlackRock and Coinbase, the deal marks a milestone in embedding tokenized Bitcoin within regulated markets. Traders should monitor increased demand and liquidity from Bitcoin-backed treasury models, which may influence short-term price action and long-term market stability.
Bullish
Zeta Network’s $230.8M Bitcoin-based private placement signals heightened institutional demand for BTC beyond passive holdings. By adding Bitcoin and SolvBTC to its treasury, Zeta creates fresh buying pressure and enhances liquidity through tokenized Bitcoin instruments. In the short term, the sale and potential warrant exercises may spur accumulation, supporting upward price momentum. Over the long term, embedding tokenized Bitcoin in regulated markets broadens institutional participation and underpins sustainable yield strategies, contributing to overall market stability and a bullish outlook.