Zhibao Tech Secures $154.7M in Bitcoin-Funded PIPE Financing Deal

Zhibao Technology Inc., a leading InsurTech company in China, has announced the signing of a definitive securities purchase agreement for a PIPE financing deal payable in Bitcoin. The agreement was entered into with a group of non-U.S. investors on July 31, 2026.

Pursuant to the agreement, Zhibao Technology will issue and sell an aggregate of 442 million units at a price of $0.35 per unit. Each unit consists of one class A ordinary share and one warrant to purchase one class A ordinary share at an exercise price of $0.35 per share.

The total consideration for the deal is approximately $154.7 million, which will be paid in 2,380 Bitcoins valued at $65,000 each based on prevailing market prices as of July 30, 2026.