Zeta Network secures $231m Bitcoin-backed investment to expand treasury

Zeta Network is using Bitcoin as the foundation for a major expansion of its treasury. The company said it leveraged SolvBTC to secure a $231 million investment dedicated to scaling its financial resources.

According to a press release dated Oct. 15, Zeta Network Group has entered into a securities purchase agreement for a private investment in public equity totaling approximately $230.8 million.

Per the deal’s structure, the proceeds will be paid to Zeta not in U.S. dollars but in either Bitcoin (BTC) or SolvBTC, a Bitcoin-backed yield-generating token. This capital infusion, expected to close on Oct. 16, will be used to acquire company shares and warrants, directly expanding Zeta’s treasury with a digital asset designed for institutional use, the company said.

Bitcoin-backed structure reinforces Zeta’s treasury strategy

Under the terms of the private placement, Zeta Network is issuing Class A ordinary shares and one-for-one warrants, each exercisable at $2.55 per share. The securities are being sold together at a combined price of $1.70 per unit, creating a structured financing mechanism that gives investors both equity exposure and an option on Zeta’s long-term valuation.

Zeta Network framed this move as a disciplined, counter-cyclical strategy that strengthens its conviction in Bitcoin’s long-term fundamentals. By accepting a Bitcoin-backed instrument as payment, the company is aligning its treasury with the digital asset’s perceived value and scarcity, even amid recent market volatility.

According to the company, SolvBTC represents a new class of Bitcoin-based financial instrument aimed at bridging the gap between corporate treasury management and on-chain infrastructure.

Each SolvBTC token is fully collateralized 1:1 with Bitcoin, which is held under regulated custody. Its reserves are verified on-chain, offering a structure designed for institutional treasury applications where transparency and compliance are paramount. This provides a mechanism for companies to gain Bitcoin exposure while potentially earning yield, moving beyond passive holding.

Meanwhile, Zeta Network is building a Bitcoin-centric institutional finance platform. The company said its operations are designed to integrate digital-asset treasury management, Bitcoin liquidity aggregation, and sustainable mining operations, all within the regulated framework provided by its Nasdaq listing.