Bullish
Zhibao Technology Secures $154.7M PIPE Financing Paid Entirely in Bitcoin
09:44
Nasdaq-listed Zhibao Technology closed a $154.7M private placement, with investors settling the transaction using 2,380 Bitcoin at ~$65k each.
Woofun AI reports that Nasdaq-listed Zhibao Technology has finalized a $154.7 million private investment in public equity (PIPE) round. The issuance comprised 442 million units priced at $0.35 each, with every unit containing one Class A common share and one two-year warrant.
Investors settled the full amount using 2,380 Bitcoin, valued at approximately $65,000 per coin as of July 30. The capital proceeds are designated to reinforce financial stability and expand operations within cryptocurrency and Web3 sectors.
WOOFUN AI
Impact Assessment · Quick Read
This transaction highlights a growing trend of institutional capital entering traditional equities via Bitcoin, effectively treating BTC as a settlement asset rather than just a speculative holding. For Zhibao, the influx provides immediate liquidity without diluting equity through cash sales, though it ties the company's balance sheet strength to Bitcoin's price stability. Such structures may encourage other public firms to accept crypto payments for financing, potentially increasing on-chain demand for large BTC transfers.
Generated by WOOFUN AI · For reference only, not investment advice
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