Home Nasdaq-listed Zeta Network Raises $230M In Bitcoin-backed Private Sale

Nasdaq-listed Zeta Network Raises $230M In Bitcoin-backed Private Sale

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Nasdaq-listed Zeta Network Raises $230M In Bitcoin-backed Private Sale | 3.0 TV (3versetv)
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Zeta Network Group said on Wednesday that it raised about $230.8 million through a private share sale, with investors paying in Bitcoin or SolvBTC, a wrapped Bitcoin-backed token issued by Solv Protocol.

Under the deal, investors will receive newly issued Class A ordinary shares and warrants allowing them to buy additional shares later at $2.55 each.

Each share and warrant pair was sold at a combined price of $1.70. According to Zeta, the arrangement will strengthen its balance sheet with Bitcoin-based assets as part of a broader treasury strategy.

Zeta Network, a digital infrastructure and fintech company developing an institutional Bitcoin platform, expects the deal to finalize on Thursday, pending closing requirements.

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Written by
Kapil Rajyaguru -

Kapil Rajyaguru is a news editor at 3.0 TV with over 15 years of professional writing experience and more than four years dedicated to the cryptoverse.

An engineer by education and a writer by passion, Kapil brings a rare mix of technical insight and storytelling finesse. A firm believer that cryptocurrencies, blockchain and AI are the building blocks of the future, he crafts in-depth news and analysis to educate, empower and prepare the masses for the next frontier of Web3.

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