BlockBeats news, on October 15, according to chainwire reports, Zeta Network Group (NASDAQ: ZNB) today announced the signing of a securities purchase agreement to raise a total of $230,837,060.2 through a private sale. This issuance includes (1) Class A common stock; (2) warrants (each warrant can subscribe for one share of Class A common stock, with an exercise price of $2.55 per share), with the final issuance price for the combination of Class A common stock and warrants being $1.7 per unit. The total amount raised of $230,837,060.2 will accept payment in Bitcoin or SolvBTC. SolvBTC is a 1:1 pegged Bitcoin wrapped token issued by Solv Protocol, which serves as an on-chain Bitcoin reserve, providing institutional-level mechanisms for the productive application of Bitcoin holdings. This private sale is expected to be completed on October 16, 2025, subject to customary delivery conditions.
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