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Zhibao Technology Inc stories

Jul 31, 2026

Zhibao signs $154.7 million Bitcoin-funded PIPE agreement

Zhibao Technology Inc. (NASDAQ: ZBAO), an InsurTech company, announced on July 31, 2026 that it has signed a definitive Securities Purchase Agreement with non-U.S. investors for a private investment in public equity (PIPE) financing to be paid in Bitcoin, with investors contributing 2,380 Bitcoin for company shares.

Jul 31, 2026·3 sources
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Top claims

  • ▪Current Chairman and Chief Executive Officer Botao Ma will remain as a director on Zhibao Technology Inc.'s Board of Directors.
  • ▪The closing of the PIPE transaction is scheduled to take place within 12 business days following the execution of the agreement on July 31, 2026.
  • ▪The transaction's Bitcoin consideration is valued at $65,000 per Bitcoin based on market prices from July 30, 2026.

Topics

Institutional crypto adoptionBitcoinBitcoin use cases

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