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Zhibao Technology Secures $154.7M Bitcoin-Funded Financing Deal

Guavy AI Editorial Team
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BTC
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Zhibao Technology Inc., listed on Nasdaq, has closed a $154.7 million private investment in public equity (PIPE) financing deal.

The company used Bitcoin to fund the transaction, which was structured as two releases of units.

Each unit comprises one Class A ordinary share and one warrant, with investors paying $0.35 per unit.

Zhibao received 2,380 Bitcoins into its designated wallet in exchange for issuing 395,678,152 PIPE units in an initial tranche.

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