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WebsiteIntroduction to ZETA NETWORK GROUP
ZETA NETWORK GROUP (Nasdaq: ZNB, 제타 네트워크 그룹) is a U.S.-listed company that transitioned from entertainment technology to focus on cryptocurrency mining and digital asset finance. Formerly known as Color Star Technology Co., Ltd., the company rebranded in August 2025 to reflect its new business direction towards blockchain infrastructure and Bitcoin-centric services.
Corporate Structure
ZETA NETWORK GROUP maintains two classes of ordinary shares. Following a 25-for-1 reverse stock split effective August 22, 2025, the company has 585,000 Class A shares and 480 Class B shares outstanding. Key governance changes in September 2025 include the resignation of Wei Zhang as chairwoman and director, and the appointment of Chloe Zhou Parker as her successor. Samantha Huang serves as Chief Executive Officer. The company’s SEC filings are registered under CIK 0001747661.
Bitcoin treasury by Traxer
Recent Developments and News
- Name Change & Reverse Split (August 22, 2025): The corporate name was updated to ZETA NETWORK GROUP, and the ticker symbol changed to ZNB.
- Debt-to-Equity Conversion (September 4, 2025): Executed a Payoff Letter Agreement converting outstanding convertible notes into Class A shares at a conversion price of $1.15 per share, resulting in the extinguishment of existing debt.
- Board Leadership Transition (September 24, 2025): Wei Zhang resigned for personal reasons; Chloe Zhou Parker was appointed as chairwoman and director.
- Strategic Partnership (October 7, 2025): Entered into a partnership with the SOLV Foundation to implement Bitcoin treasury strategies and develop research initiatives related to tokenized real-world assets.
Financial and Strategic Analysis
As of October 8, 2025, ZNB closed at $1.99, a decrease of 41.47% from its previous close, with a trading volume of 2,640,483 shares (average daily volume: 5,123,242). Intraday metrics from Yahoo Finance include an opening price of $4.5420, a trading range of $2.96–$5.22, and a 52-week range of $1.22–$625.00.
Key financial ratios and figures (TTM):
- Market Capitalization: $3.548 million
- Price/Sales: 0.16
- Price/Book: 0.30
- Enterprise Value/Revenue: 1.77
- EPS: –883.97
- Net Income: –$28.56 million
- Revenue: $1.77 million
- Return on Assets: –32.90%
- Return on Equity: –202.34%
- Total Cash: $130,250
- Total Debt/Equity: 38.54%
- Levered Free Cash Flow: –$2.26 million
The partnership with SOLV aims to enhance capital efficiency for its Bitcoin holdings through institutional-grade staking and liquidity services. The steering committee will oversee collaborative research on structured finance models and real-world asset tokenization, which aligns with ZETA’s goal of establishing its presence in Bitcoin-centric corporate finance.
Market Position and Industry Context
ZETA NETWORK GROUP operates in the digital asset sector alongside Bitcoin miners, liquid staking platforms, and decentralized finance (DeFi) services. With a beta of 2.45, its stock price demonstrates higher sensitivity to broader market fluctuations. While its market capitalization and profitability metrics suggest a smaller scale compared to larger competitors, strategic alliances, such as the SOLV partnership, may contribute to operational growth and enhance institutional presence.
In cryptocurrency finance, ZETA’s initiatives focus on regulated treasury management for corporate Bitcoin holdings. This positioning aligns the company with a niche in the public market that emphasizes on-chain asset strategies.
tl;dr
On October 7, 2025, ZETA NETWORK GROUP entered into a strategic partnership with the SOLV Foundation to enhance its Bitcoin treasury and develop structured finance products. The stock is traded at $1.99 following a 25-for-1 reverse split in August and underwent a leadership transition in September. Current financial results indicate a net loss position amid limited cash reserves, while the SOLV partnership aims to improve capital efficiency and broaden institutional engagement in ZETA’s digital asset operations.
