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Zeta Network Group in the US stock market has completed a $230 million private sale, and will accept Bitcoin or SolvBTC as payment.
On October 15, according to chainwire, Zeta Network Group (NASDAQ: ZNB) today announced the signing of a securities purchase agreement, raising a total of $230,837,060.2 through a private sale. This issuance includes (1) Class A common stock; (2) warrants (each warrant entitles the holder to subscribe for one share of Class A common stock at an exercise price of $2.55 per share), with a final combined issuance price of Class A common stock and warrants at $1.7 per unit. The total amount raised of $230,837,060.2 will accept payment in Bitcoin or SolvBTC. SolvBTC is a 1:1 pegged Bitcoin wrapped token issued by Solv Protocol, serving as an on-chain Bitcoin reserve, providing institutional-grade mechanisms for productive applications of Bitcoin holdings. This private sale is expected to be completed on October 16, 2025, subject to customary delivery conditions.