Zeta Network Announces $231M BTC Investment One Week After Securing $15M Through Direct Offering

Core Insights - Zeta Network Group has announced a private placement worth approximately $230.8 million, payable in Bitcoin, reflecting the firm's confidence in Bitcoin's long-term fundamentals [1][5][6] - The transaction is expected to close on October 16, 2025, and involves the sale of Class A ordinary shares and accompanying warrants [2] - The investment aims to strengthen Zeta Network's balance sheet and enhance net asset value through the addition of SolvBTC, a Bitcoin-backed instrument [2][3] Financial Details - The private placement follows a recent $15 million registered direct offering completed on October 9, 2025, with proceeds allocated for working capital and general corporate purposes [6][7] - SolvBTC is fully collateralized 1:1 with Bitcoin held under regulated custody, reinforcing the company's long-term financial position [3] Market Context - The announcement comes shortly after a significant market downturn on October 10, where Bitcoin's price fell from $125,000 to $102,000, and Ethereum dropped from $4,300 to below $3,600, resulting in nearly $19 billion in liquidated crypto positions [4][5] - The Alternative.me Crypto Fear & Greed Index also indicated a "Fear" level of 27 on October 12, highlighting the market's volatility [5]