Zeta Network Expands Treasury with Bitcoin-backed investment
Zeta Network is boosting its treasury with a $231 million Bitcoin-backed investment.The company used SolvBTC, a yield-generating wrapped Bitcoin token, to secure this funding.
This private placement involves Class A shares and warrants, sold at $1.70 per unit. Each warrant can be exercised at $2.55. The proceeds will be in Bitcoin or SolvBTC, enhancing its financial resources.
The deal strengthens Zeta’s balance sheet and shows its confidence in Bitcoin’s long-term value. The investment will close on October 16, expanding Zeta’s treasury.
Key points include:
- Zeta Network secures $231 million investment using SolvBTC.
- Proceeds will be in Bitcoin or SolvBTC.
- Investment will be used for shares and warrants.
- Deal strengthens Zeta’s balance sheet and confidence in Bitcoin.
Patrick Ngan, Zeta’s CIO, said, “Integrating SolvBTC enhances our financial resilience. It combines Bitcoin’s scarcity with sustainable yield.”
SolvBTC is a new financial instrument fully collateralized with Bitcoin. It offers clarity and compliance for institutional treasury applications.
Zeta Network is building a Bitcoin-centric finance platform. It integrates digital-asset treasury management, Bitcoin liquidity aggregation, and sustainable mining operations.
for more details, visit Zeta Network’s official website.
