Zeta Network Group announced a $230.8 million private placement payable in Bitcoin, following a $15 million direct offering completed on October 9. The investment comes after a crypto market flash crash on Oct. 10. The transaction involves the sale of Class A ordinary shares and warrants to purchase an equal number of shares.

The private placement, expected to close on Oct. 16, 2025, includes the addition of SolvBTC, a Bitcoin-backed instrument fully collateralized 1:1 with Bitcoin held under regulated custody. Zeta Network Group stated that the transaction would enhance its balance sheet and net asset value. The firm’s Chief Investment Officer called it a strategic balance-sheet allocation.

The investment reflects the firm’s belief in Bitcoin’s long-term fundamentals and disciplined treasury management. The announcement follows a $15 million direct offering and comes after a period of market turbulence that led to nearly $19 billion in crypto liquidations on Oct. 10. Bitcoin fell from $125,000 to $102,000 during the crash.

Read more at Yahoo Finance: Zeta Network Announces $231M BTC Investment One Week After Securing $15M Through Direct Offering