Zeta Network Raises $231M Through Bitcoin-Backed Private Placement
Zeta Network Raises $231M Through Bitcoin-Backed Private Placement
Nasdaq-listed Zeta Network has successfully secured $231 million in funding via a private placement. The investment was funded in Bitcoin (BTC) or SolvBTC, a wrapped Bitcoin token, with the explicit goal of strengthening Zeta's balance sheet.
Zeta Network Leverages Bitcoin for Substantial Funding Round
In a notable development reported by Decrypt, the Nasdaq-listed Zeta Network has completed a private placement, successfully raising $231 million. This significant capital injection was structured to be funded directly in Bitcoin (BTC) or through SolvBTC, identified as a wrapped Bitcoin token. The company has stated that the primary objective of this substantial funding round is to bolster and strengthen its balance sheet, highlighting a strategic adoption of digital assets in corporate finance.