Street Calls of the Week
NEW YORK - Zeta Network Group (NASDAQ:ZNB), a niche player in the blockchain sector currently trading at $1.66 with a market capitalization of $3.51 million, announced Tuesday it has entered into a strategic partnership agreement with SOLV Foundation, a multi-chain Bitcoin liquid staking platform with $2.5 billion in total value locked (TVL). According to InvestingPro data, the company has seen significant volatility, with the stock down over 90% in the past six months despite showing 67% year-over-year revenue growth.
Under the agreement, Zeta will utilize SOLV’s platform to manage its Bitcoin holdings, which will be deposited under the custody of a regulated third-party custodian. The partnership includes the formation of a joint steering committee with senior representatives from both companies to develop Bitcoin-centric decentralized finance initiatives.
The collaboration aims to drive adoption of SOLV’s SolvBTC product across blockchain platforms including Solana, Base, and Ton, while developing tokenized real-world assets and structured yield products.
"This partnership marks a transformative step for the Company, strengthening our Bitcoin treasury strategy," said Samantha Huang, CEO of Zeta Network Group, in the press release statement.
Ryan Chow, CEO of SOLV, stated the partnership "catapults SOLV onto the international stage as an institutional gateway to on-chain finance."
The companies plan to collaborate on research initiatives focused on corporate Bitcoin utilization, staking strategies, and real-world asset tokenization.
Zeta Network Group indicated the partnership aligns with its goal to position itself as a Bitcoin-centric finance company that combines Bitcoin treasury holdings with digital asset strategies while maintaining compliance with SEC and Nasdaq requirements.
In other recent news, Color Star Technology Co., Ltd. announced significant changes that will affect its corporate identity and share structure. The company plans to change its name to Zeta Network Group and update its stock ticker symbol to "ZNB." Additionally, Color Star will implement a 25-for-1 reverse share split of its Class A and Class B ordinary shares. These changes are set to take effect on August 22, 2025, when trading begins on the Nasdaq Capital Market. The company stated that the name and ticker changes align with its new business strategy, which is focused on cryptocurrency mining operations and future development plans. This strategic shift represents a major development for the company as it seeks to reposition itself in the market.
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