US Stock Zeta Network Group Completes $230M Private Placement, Will Accept Bitcoin or SolvBTC Delivery

On October 15th, as per chainwire, the Zeta Network Group (with a Nasdaq code: ZNB) announced today that it had signed a securities purchase agreement. Through a private placement, a total of $230,837,060.2 was raised. The issuance includes (1) Class A Common Stock; (2) Warrants (each warrant gives the holder the right to subscribe for one share of Class A Common Stock at an exercise price of $2.55 per share), and the combined issuance price for Class A Common Stock and Warrants is $1.7 per unit. The total amount raised of $230,837,060.2 will be accepted in Bitcoin or SolvBTC. SolvBTC is a wrapped token that is pegged 1:1 to Bitcoin and is issued by the Solv Protocol. It serves as an on-chain Bitcoin reserve, providing an institutional-grade mechanism for the productive applications of Bitcoin holdings. The private placement is expected to be completed on October 16, 2025, subject to customary closing conditions.