Zeta Network Group just pulled off one of those deals that makes you do a double take. The Nasdaq-listed company announced a $10 million private placement on July 29, with one notable twist: the entire transaction will be settled in approximately 156.65 Solv-BTC tokens, a 1:1 Bitcoin-backed asset valued at $63,835.08 per token.
How the deal actually works
The offering is structured as share-and-warrant units. Each unit consists of one Class A ordinary share priced at $2.93 and one warrant exercisable at $4.40 over a five-year window. The math works out to $10,000,002.10 in total proceeds.
Zeta Network Group, which trades under the ticker ZNB on Nasdaq, focuses on Bitcoin mining operations, liquidity aggregation, and digital-asset management. Its mining operations are particularly concentrated in Kazakhstan.
This isn’t the company’s first time running this playbook. Zeta completed a substantially larger $231 million private placement settled in Bitcoin and Solv-BTC back in October 2025. That earlier raise was roughly 23 times the size of this one.
