Zeta Network Group Announces $231 Million Bitcoin-Backed Private Placement to Strengthen Balance Sheet Amid Market Volatility
Reuters
Oct 17
<a href="https://laohu8.com/S/ZNB">Zeta Network Group</a> Announces $231 Million Bitcoin-Backed Private Placement to Strengthen Balance Sheet Amid Market Volatility
Zeta Network Group (Nasdaq: ZNB) has announced the completion of a private placement valued at approximately $231 million. The transaction includes the issuance of Class A common shares and warrants, with each warrant entitling the holder to purchase an additional Class A share at an exercise price of $2.55 per share. The combined offering price for each share and warrant is set at $1.70. Proceeds from the placement will strengthen Zeta Network Group's balance sheet through the acquisition of fully collateralized SolvBTC assets, a Bitcoin-backed, yield-generating instrument designed for institutional investors. This strategic allocation reflects the company's confidence in Bitcoin's fundamentals and its disciplined, counter-cyclical treasury strategy, aligning with practices seen among leading Bitcoin-holding corporations.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Zeta Network Group published the original content used to generate this news brief via PR Newswire (Ref. ID: GE98532) on October 16, 2025, and is solely responsible for the information contained therein.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.