Zhibao Tech Locks Down $154.7M in Bitcoin-Backed Financing
Nasdaq-listed Zhibao Technology has embarked on a significant financial maneuver by completing a private investment in public equity (PIPE) financing worth $154.7 million.
The unusual aspect of this deal is that it involved the transfer of 2,380 Bitcoin directly into the company's wallet.
This move marks a pivot towards using cryptocurrency as part of Zhibao Technology's treasury strategy.