Zhibao Technology Secures Bitcoin-Funded PIPE Financing

Zhibao Technology Inc., a leading high-growth InsurTech company in China, has announced that it has signed a definitive Securities Purchase Agreement for PIPE financing payable in Bitcoin. The agreement is dated July 31, 2026, and involves the sale of 442 million units to a group of non-U.S. investors at a price of $0.35 per unit.

The total purchase price will be paid through the contribution of 2,380 Bitcoins, valued at $65,000 each based on July 30's market prices. This represents a significant investment for Zhibao Technology, which plans to use the proceeds from this transaction to support general expenditure and business development, invest in research and development, and further its Digital Asset Reserve strategy focusing on using Bitcoin as a treasury asset.

As part of the agreement, four incumbent directors and the current CEO and CFO will resign, and four new director nominees and new executives will be appointed. Zhibao Technology's Chairman and CEO, Mr. Botao Ma, will remain as a director on the Board of Directors.