PANews reported on October 15th that, according to Chainwire , Zeta Network Group (NASDAQ: ZNB ) signed a private placement securities purchase agreement, raising a total of $ 230,837,060.20 through the issuance of Class A common stock and corresponding warrants (with an exercise price of $ 2.55 , for a combined offering price of $ 1.70 per share + warrants). The consideration will be paid in BTC or SolvBTC , a 1:1 Bitcoin asset issued by the Solv Protocol , custodied and verified by on-chain reserves. The transaction is expected to close on October 16th .