The company Zeta Network Group held a private share sale for $230.8 million. Investors contributed funds in bitcoin or via the SolvBTC token — a wrapped version of BTC from the Solv Protocol platform. In return, they receive Class A shares and warrants with the right to purchase additional shares at $2.55. The entire package cost participants $1.70.
According to Chief Investment Officer Patrick Ngan, the deal will strengthen Zeta’s financial stability by including BTC assets in the corporate treasury. Using SolvBTC allows combining bitcoin’s scarcity with a yield model.
Zeta is building an institutional platform for working with bitcoin and digital financial infrastructure. The deal is expected to close soon.
Solv Protocol, for its part, offers solutions for managing BTC assets. Their flagship product, SolvBTC, is a token backed 1:1 by bitcoin, designed for yield and liquidity strategies.
“Public companies are starting to look at productive use of BTC in a new way,” noted Solv Protocol CEO Ryan Chow.
Bitcoin-based yield strategies are gaining momentum
The idea of holding bitcoin on the balance sheet as a strategic asset began to spread actively thanks to Michael Saylor back in 2020. Today, BTC is the main tool for digital treasuries. But at the same time, interest in other opportunities is growing. Proof-of-Stake networks like Ethereum or Solana provide validators with stable income through staking, which raises the question — is bitcoin really still the most profitable long-term asset?
Nevertheless, the market is gradually finding ways to earn yield from bitcoin itself.
For example, Coinbase launched the Bitcoin Yield Fund in May. It targets institutions outside the US and offers from 4% to 8% annual yield on BTC, without selling the asset.
See also: Sony aims to launch its own crypto bank
Another example is the BlackRock initiative. The world’s largest asset manager has filed to launch the Bitcoin Premium Income ETF. The fund’s model is based on selling covered options on bitcoin futures. Income comes from premiums, while the asset itself remains untouched. Bloomberg analyst Eric Balchunas calls this strategy a “yield alternative to holding.”
At the same time, more innovative approaches are developing. Solv Protocol CEO Ryan Chow said at Token2049 that bitcoin can be used to support the operation of other networks. According to him, in the coming years, thousands of BTC could be involved in PoS-based ecosystems — for example, in Solana.
