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via Decrypt · By Decrypt Editorial
Chinese InsurTech Firm Zhibao Adds 2,380 Bitcoin in $154.7M Treasury Pivot
BTC
BTC/USDT
$72,492.01
+6.37%
$72,492.01
+6.37%
(24s)24h Volume
$36,525,910,572.55
24h H/L
$72,966.00 / $68,103.71
Change: $4,862.29 (7.14%)
Long/Short
51.8%
Long: 51.8%Short: 48.1%
Funding Rate
+0.0016%
Longs pay
Data provided by COINOTAG DATALive data
DE
Decrypt Editorial(01:31 PM UTC)
1 min read
In brief
- Nasdaq-listed Zhibao Technology closed a $154.7 million PIPE financing paid for with 2,380 Bitcoin contributed straight to a company wallet.
- Director Botao Ma called the deal one of the most transformational moments in the firm's decade-long history.
- The all-crypto funding structure sets Zhibao apart from the usual cash-raise-then-buy treasury model; it joins a crowded field—including…
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