The listed company Zeta Network Group has completed a $230 million private placement financing and will accept payment in Bitcoin or SolvBTC

ChainCatcher news, according to PR Newswire, Zeta Network Group (NASDAQ: ZNB) today announced the signing of a securities purchase agreement to raise a total of $230,837,060.2 through a private placement.

This issuance includes (1) Class A common stock; (2) warrants (each warrant can purchase one share of Class A common stock at an exercise price of $2.55 per share), with the final issuance price for the Class A common stock and warrants combination set at $1.7 per unit.

The total amount raised of $230,837,060.2 will accept payments in Bitcoin or SolvBTC. SolvBTC is a 1:1 pegged token to Bitcoin issued by Solv Protocol, which serves as an on-chain Bitcoin reserve, providing institutional-grade mechanisms for productive applications of Bitcoin holdings. This private placement is expected to be completed by October 16, 2025, subject to customary closing conditions.