Zeta Network Group said on Wednesday that it raised about $230.8 million through a private share sale, with investors paying in Bitcoin (BTC) or SolvBTC — a wrapped Bitcoin-backed token issued by Solv Protocol.
Under the deal, investors will receive newly issued Class A ordinary shares and warrants allowing them to buy additional shares later at $2.55 each. Each share and warrant pair was sold at a combined price of $1.70.
According to Zeta, the arrangement will strengthen its balance sheet…
Read the full article here
