Chinese InsurTech Firm Zhibao Adds 2,380 Bitcoin in $154.7M Treasury Pivot

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Chinese InsurTech Firm Zhibao Adds 2,380 Bitcoin in $154.7M Treasury Pivot

Zhibao Technology Secures $154.7M in Bitcoin-Backed Financing

Nasdaq-listed Zhibao Technology has completed a private investment in public equity (PIPE) financing valued at $154.7 million. The financing was conducted using 2,380 Bitcoin, which were transferred directly into a company wallet. The move represents a treasury strategy involving cryptocurrency.

Original Source: https://decrypt.co/375935/china-zhibao-bitcoin-treasury-pivot