Zhibao Technology Seeks Funding Through Bitcoin-Backed PIPE Financing

Zhibao Technology Inc., a leading InsurTech company in China, has announced that it has entered into a definitive Securities Purchase Agreement for PIPE financing payable in Bitcoin. The agreement was signed on July 31, 2026, with a group of non-U.S. investors.

The participating investors include METAVERSE INTELLIGENCE TECH LTD, DYT INFO PTE. LTD., YY TECH INC, and several others. Zhibao intends to use the proceeds from this transaction for general expenditure and business development, as well as investment in research and development, including AI implementations.

The company also plans to further its Digital Asset Reserve strategy by using Bitcoin as a treasury asset. This move is significant as it indicates a growing acceptance of cryptocurrency as a legitimate means of payment in the financial sector.