PIPE deals, or private investment in public equity, let companies raise capital by selling shares to select investors, and Zhibao Technology intends to receive its funding in cryptocurrency rather than cash. The Nasdaq-listed Chinese insurance-technology firm has proposed accepting 3,500 bitcoin as part of a $220 million financing arrangement, according to Bitcoin Magazine. If completed, the transaction would establish a corporate bitcoin treasury and position Zhibao among a growing number of publicly traded companies holding the asset on their balance sheets. The strategy mirrors moves by other firms seeking exposure to bitcoin as a reserve holding. The article did not specify a timeline for closing the deal or detail how the accumulated bitcoin would be managed. The proposal remains subject to standard conditions typically associated with such financing structures before it can be finalized.
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