- Zeta Network Group announced a $230.8 million private placement payable in Bitcoin.
- The announcement follows a $15 million direct offering completed on October 9.
- The investment comes just days after the Oct. 10 crypto market flash crash.
Zeta Network Group, formerly known as Color Star, announced via press release on Oct.15 that it had entered into a securities purchase agreement for a private placement worth approximately $230.8 million, payable in Bitcoin.
The deal comes just one week after the firm revealed it had secured an additional $15 million through a registered direct offering.
88
Bitcoin
Ethereum
Tether
Litecoin
Bitcoin Cash
TRON
Binance Coin
XRP
Cardano
Binance USD
USD Coin
Polkadot
Shiba Inu
Basic Attention Token
Qtum
Ethereum Classic
Chainlink
Solana
Polygon Matic
Cosmos
Wrapped Bitcoin
PancakeSwap
The Sandbox
Storj
iExec RLC
Bancor
Uniswap
Enjin Coin
1inch Network
Chiliz
Aave
Synthetix
Maker
Compound
Theta Network
Celo
Curve DAO Token
Decentraland
JUST
Axie Infinity
Gala
Internet Computer
The Graph
Filecoin
dYdX
Mask Network
Lido DAO Token
Reserve Rights
Chromia
Ankr
Ocean Protocol
Adventure Gold
Origin Protocol
Celer Network
NKN
Bitget Token
Alchemix
Immutable
Ethereum Name Service
Avalanche
Zilliqa
JasmyCoin
Toncoin
Convex Finance
Spell Token
Holo
Render Token
SushiSwap
MetisDAO
Audius
Illuvium
ARPA Chain
Osmosis
Fantom
Neo
Arweave
Algorand
Kusama
XDC Network
APEcoin
MultiversX
THORChain
NEAR Protocol
Nexo
Amp
Livepeer
PAX Gold
TrueUSD
BitTorrent
Golem
FLUX
Helium
Dai
151
Bitcoin
Ethereum
Tether
Binance Coin
USD Coin
Solana
XRP
Dogecoin
Cardano
Toncoin
Shiba Inu
Avalanche
TRON
Chainlink
Polygon Matic
Polkadot
Wrapped Bitcoin
Litecoin
Dai
NEAR Protocol
Bitcoin Cash
Stellar
Cosmos
Filecoin
Ethereum Classic
Aptos
Hedera Hashgraph
Immutable
Optimism
Arbitrum
VeChain
The Sandbox
Decentraland
Axie Infinity
Injective Protocol
Render
The Graph
Maker
Aave
Chiliz
Helium
PAX Gold
Compound
Lido DAO Token
Sui
Conflux Network
Lido Staked ETH
OKB
Uniswap
Pepe
Ondo
Mantle
First Digital USD
XDC Network
Artificial Superintelligence Alliance
Jupiter
Quant
Worldcoin
Bonk
Tether Gold
JITO
JasmyCoin
Core
Floki Inu
Ethereum Name Service
SushiSwap
1inch Network
Tezos
Algorand
Flow
Trust Wallet Token
Curve DAO Token
MultiversX
Basic Attention Token
Enjin Coin
Ethena
Ethena Staked USDe
Audius
Alchemy Pay
Arkham
API3
Bounce Token
Altlayer
Aergo
Amp
Aevo
Ankr
Axelar
Alpaca Finance
Blur
Biconomy
Tranchess
Celer Network
Shentu
Civic
Convex Finance
Cartesi
Cyber
COTI
DIA
dYdX
ether.fi
FLUX
Ampleforth
Golem
Holo
IoTeX
Illuvium
JUST
Livepeer
Memecoin
Manta Network
Treasure
Mask Network
Origin Protocol
ORDI
Ontology
Phala Network
Pendle
Portal
Pyth Network
ConstitutionDAO
iExec RLC
Reserve Rights
Ravencoin
Storj
Status
Spell Token
Sun (New)
SuperVerse
Tellor
LayerZero
Scroll
Usual
Eigenlayer
Hamster Kombat
Catizen
Berachain
KAITO
Pudgy Penguins
Solayer
Bio Protocol
ChainGPT
Cookie DAO
Solv Protocol
Movement
DeXe
Nexo
Hyperliquid
STEPN
Synthetix
Neo
APEcoin
Gala
Internet Computer
Pi Network
Bitcoin Investment
The new transaction, expected to close on Oct. 16, 2025, involves the sale of the company’s Class A ordinary shares and accompanying warrants to purchase an equal number of shares.
Zeta Network stated that the transaction would strengthen its balance sheet and enhance net asset value through the addition of SolvBTC, a Bitcoin-backed instrument designed for institutional adoption.
According to the press release, SolvBTC is fully collateralized 1:1 with Bitcoin held under regulated custody and verified on-chain.
“This is a strategic balance-sheet allocation that reinforces Zeta Network Group’s long-term financial position,” said Patrick Ngan, the firm’s Chief Investment Officer.
“By integrating SolvBTC into our treasury, we’re enhancing financial resilience with an instrument that combines Bitcoin’s scarcity with sustainable yield,” he added.
Days After Oct. 10 Flash Crash
The investment comes just days after a period of what the company described as “market turbulence” that left the crypto markets reeling.
On Friday, Oct. 10, a 100% tariff threat on China by President Donald Trump sent shockwaves through global markets, leading to nearly $19 billion in crypto positions being liquidated within hours.
Bitcoin fell from $125,000 to $102,000, while Ethereum dropped from $4,300 to below $3,600, and other altcoins also experienced sharp declines.
The Alternative.me Crypto Fear & Greed Index also fell to a “Fear” level of 27 on Saturday, Oct.12.
Zeta Network said the timing of the new transaction reflected the firm’s “conviction in Bitcoin’s long-term fundamentals” and its “disciplined, counter-cyclical approach to treasury management.”
$15 Million Share Buy
The announcement comes just days after Zeta Network announced it had secured $15 million through a registered direct offering of 15 million Class A ordinary shares at $1 per share.
The offering closed on Oct. 9, 2025, with proceeds allocated for working capital and general corporate purposes.
Zeta also agreed to a 45-day restriction on issuing additional shares following the completion of the offering.
