U.S.-listed tech firm Zeta Network Group has completed its $231 million private placement, receiving the entire payment in Bitcoin (BTC) and SolvBTC.
Zeta Network Group has taken a major step to strengthen its balance sheet through a strategic partnership with Solv Protocol. The Nasdaq-listed company finalized its $231 million private investment in public equity (PIPE) transaction, accepting the entire payment in Bitcoin and SolvBTC — a 1:1 Bitcoin-backed token issued by Solv Protocol.
Despite market volatility, the move signals Zeta’s strong confidence in Bitcoin’s long-term potential. The company stated that it aims to position itself among the “corporate treasuries accumulating Bitcoin during downturns.” Following the announcement, ZNB shares fell 9.7% to $1.82.
Corporate Bitcoin adoption grows SolvBTC is designed to help investors earn yield on Bitcoin holdings while maintaining full on-chain backing. Zeta CIO Patrick Ngan said, “By integrating SolvBTC into our treasury, we’re building a more resilient financial structure that combines Bitcoin scarcity with sustainable returns.” With this deal, Zeta is estimated to hold an amount equivalent to roughly 2,000 BTC — potentially placing it among the top 35 largest Bitcoin treasuries worldwide.
