Zeta Network is significantly expanding its corporate treasury by leveraging Bitcoin, securing a $230.8 million investment through a private placement. The company announced it entered into a securities purchase agreement where the proceeds will be paid not in cash, but in Bitcoin or SolvBTC, a yield-generating token backed by Bitcoin.

Investment Structure and Terms

According to the deal announced on October 15, the financing involves the sale of units at a combined price of $1.70 each. Every unit consists of one Class A ordinary share and a one-for-one warrant, giving investors both immediate equity and a future option on the company’s growth. The warrants are exercisable at a price of $2.55 per share.

This capital infusion, which was expected to close on October 16, is designed to directly bolster Zeta’s balance sheet with digital assets intended for institutional use. The structure provides a unique financing mechanism tied to the cryptocurrency market.

A Strategic Alignment with Bitcoin

Zeta Network described the move as a disciplined, counter-cyclical strategy that underscores its long-term confidence in Bitcoin’s fundamentals. By accepting a Bitcoin-backed instrument as payment, the company is aligning its treasury directly with the digital asset’s perceived scarcity and value. This decision reinforces its financial position while navigating recent market volatility.