Daniel Walker
Zeta Network Group (ticker: ZNB) has announced a new partnership with Solv Protocol as part of its plan to expand its Bitcoin reserves and enhance treasury resilience.
According to a company statement released Wednesday, Zeta aims to raise $230 million through a private placement set to close on October 16. In exchange for stock and warrants, the firm will acquire Bitcoin (BTC) and SolvBTC, a 1:1 wrapped Bitcoin-backed token issued by Solv Protocol.
Zeta described the move as a strategic, counter-cyclical investment made during a volatile market period. The company said the initiative underscores its long-term confidence in Bitcoinโs fundamentals and mirrors the approach of leading Bitcoin treasuries that accumulate during market downturns.
โEntered into during a period of market turbulence, this transaction reflects our conviction in Bitcoinโs strength and disciplined approach to treasury management,โ the firm wrote in a statement.
As of Wednesday, ZNB shares were down 9.7%, trading at $1.82, according to Google Finance.
Solv Protocolโs Institutional Bitcoin Framework
Solv Protocol operates as an on-chain Bitcoin reserve platform, offering institutional-grade solutions for productive BTC management. Its flagship product, SolvBTC, allows both retail and institutional investors to earn yield on their Bitcoin holdings, bridging decentralized finance (DeFi) and traditional capital markets.
While Zeta did not disclose the exact number of BTC or SolvBTC tokens it plans to hold, a full allocation of its $230 million PIPE investment would rival Bitdeerโs 2,061 BTC treasury, potentially ranking Zeta among the top 35 largest Bitcoin holders globally.
Building Financial Resilience Through Bitcoin
โBy integrating SolvBTC into our treasury, weโre enhancing financial resilience with an instrument that combines Bitcoinโs scarcity with sustainable yield,โ said Patrick Ngan, Chief Investment Officer at Zeta Network. โItโs a measured, institutional approach to growth.โ
The two firms plan to expand their collaboration beyond this initial agreement, according to the press release.
Backed by Major Industry Players
Solv Protocol counts Binance Labs, Blockchain Capital, Laser Digital, and OKX Ventures among its key backers, highlighting the growing institutional confidence in its on-chain Bitcoin treasury solutions.
