- Zeta Network Group announced a partnership with SOLV Foundation to boost earnings from its Bitcoin assets.
- The agreement will see Zeta depositing its Bitcoin with SOLV, which offers multi-chain staking and structured finance solutions.
- Zeta’s stock price rose more than 215% in pre-market trading following the news.
- A joint committee will be formed to advance Bitcoin-based products and research new financial instruments.
- The announcement comes during a period of record high Bitcoin prices, with BTC trading around $125,000.
Zeta Network Group reported on Tuesday that it has entered a strategic partnership with the SOLV Foundation to optimize the management of its Bitcoin holdings. Under the agreement, Zeta will deposit its Bitcoin with SOLV’s multi-chain staking and structured finance platform to generate additional returns rather than holding the cryptocurrency passively.
Following the announcement, shares of Zeta Network Group jumped by more than 215% in pre-market trading, reaching over $5 per share. The company did not reveal the exact amount of Bitcoin it currently holds.
The partnership will also create a joint committee focused on promoting adoption of SOLV’s Bitcoin products across various blockchains and exploring new financial instruments. Collaboration will include producing research, white papers, and strategies on how companies can use, stake, and tokenize Bitcoin holdings. A spokesperson for Zeta said, “This partnership allows Zeta to transition from passive Bitcoin holding to actively generating yield and capital efficiency.”
Zeta Network Group, traditionally involved in Artificial Intelligence for education and entertainment, is shifting its approach by leveraging its Bitcoin treasury for yield opportunities. The news comes as Bitcoin continues to trade at unprecedented levels, with the price reaching around $125,000 early Tuesday, following a previous session high of more than $126,000.
For related coverage, see BNB Token Surges To Record High, Overtakes XRP As Third-Largest Cryptocurrency.
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