Nasdaq-Listed Zeta Network (ZNB) Raises $230.8M in Private Placement, Accepting Bitcoin and SolvBTC

Zeta Network Group (Nasdaq: ZNB) disclosed a executed securities purchase agreement to raise approximately $230,837,060.20 via a registered private placement. The financing comprises issuances of Class A Common Stock and Warrants (each warrant exercisable at $2.55 per share) sold as units at a combined price of $1.70 per unit, with proceeds receivable in Bitcoin or SolvBTC.

The company confirmed the arrangement uses SolvBTC, a 1:1 wrapped token to Bitcoin maintained by the Solv Protocol, as an on‑chain reserve instrument. The transaction remains subject to customary closing conditions and is anticipated to close on October 16, 2025, providing a structured capital raise for corporate liquidity and strategic execution.