Zeta Network Secures $230M Through Bitcoin-Backed Private Sale

Zeta Network Group has raised nearly $230.8 million through a private share offering using Bitcoin (BTC) or SolvBTC — a wrapped Bitcoin token issued by Solv Protocol. The deal will see investors receive newly issued Class A shares and warrants, allowing them to buy additional shares at $2.55 each later on. The total combined price for each share-warrant pair was $1.70.