Nasdaq-Listed Zeta Network Raises $231M via Bitcoin-Backed Private Placement
Yahoo Finance·2025-10-17 07:39
Nasdaq-listed fintech firm Zeta Network Group has entered into a $231 million private placement funded in Bitcoin or SolvBTC, a wrapped Bitcoin-backed token issued by Solv Protocol. The transaction, which the group says will improve its balance sheet, adds a yield-bearing Bitcoin instrument to its treasury at a time when broader crypto markets remain volatile. The move fits into a growing corporate trend of bringing Bitcoin onto balance sheets through structured vehicles funded primarily through convertible ...