Nasdaq-listed firm strengthens treasury with Bitcoin and SolvBTC amid rising institutional adoption of crypto-based financing
Nasdaq-listed Zeta Network Group has raised $230.8 million through a Bitcoin-backed private share sale, the company announced on Wednesday, marking one of the largest corporate financings of its kind this year.
Under the arrangement, investors purchased newly issued Class A ordinary shares and warrants allowing future share purchases at $2.55 per share. Each unit — consisting of one share and one warrant — was sold for $1.70, according to Zeta.
Importantly, investors paid for the offering using Bitcoin (BTC) and SolvBTC, a wrapped Bitcoin-backed token issued by Solv Protocol, highlighting a growing trend of corporations directly integrating digital assets into capital market transactions.
In recent months, BlackRock filed to launch a Bitcoin Premium Income ETF, while Coinbase rolled out a Bitcoin Yield Fund promising institutional investors 4%–8% annual returns on BTC holdings.
“By integrating SolvBTC into our treasury, we’re enhancing financial resilience with an instrument that combines Bitcoin’s scarcity with sustainable yield,” said Patrick Ngan, Zeta Network’s chief investment officer.
The company said the move aligns with its long-term strategy to build a Bitcoin-based institutional finance platform and diversify its balance sheet through onchain assets. The deal is expected to close on Thursday, pending final regulatory and administrative approvals.
A new model for corporate treasuries
Zeta’s adoption of Bitcoin and SolvBTC represents an evolution in digital asset treasury management (DAT) — a trend popularized by MicroStrategy founder Michael Saylor in 2020.
Solv Protocol, the onchain asset management platform behind SolvBTC, issues 1:1 Bitcoin-backed tokens tailored for institutional yield and liquidity strategies.
“Listed entities are redefining what it means to hold Bitcoin productively,” said Ryan Chow, CEO of Solv Protocol.
The deal comes amid renewed interest in Bitcoin yield strategies as traditional firms look to leverage crypto assets beyond passive holdings.
Zeta’s financing underscores how Bitcoin is increasingly becoming a balance-sheet asset, not just a speculative store of value.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.