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Zhibao Secures $154.7 Million in Bitcoin-Funded PIPE Deal

Guavy AI Editorial Team
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BTC
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Zhibao Technology Inc. has signed a definitive Securities Purchase Agreement for PIPE financing payable in Bitcoin.

The agreement is with a group of non-U.S. investors who will contribute 2,380 Bitcoins valued at $65,000 per Bitcoin to raise $154.7 million through the sale of 442,000,000 Class A shares and warrants.

The funds will support general expenditure, business development, R&D including AI, and Zhibao's Digital Asset Reserve strategy.

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