Zhibao Technology Signs Term Sheet to Sell $220 Million in Stock to Buy 3,500 Bitcoin for Treasury
Nasdaq-listed Zhibao Technology signed a non-binding term sheet to sell $220 million in stock through a PIPE financing to purchase 3,500 Bitcoin.
The deal would add the insurer to a growing list of public companies holding Bitcoin as a strategic treasury reserve asset. Being non-binding, the financing remains subject to definitive agreements and market conditions.
From the sources (5 posts)
@bitcoinmagazineJUST IN: 🇨🇳 China public company Zhibao Technology Inc. announced signing a non-binding term sheet for 3,500 BTC as consideration for PIPE Financing 👀
@newsfile_corpZhibao Technology Inc. Announces Signing a Non-Binding Term Sheet for Approximately 3,500 Bitcoins as Consideration for PIPE Financing Full Story: $ZBAO #2b2c #bitcoin #btc #insurance #insurtech #Banking #Financia
@thcryptocook⚡️ LATEST: Nasdaq-listed Zhibao Technology has signed a non-binding term sheet to sell $220 million in stock to fund a Bitcoin treasury. The proposed financing would add Zhibao to the growing list of public companies adopting Bitcoin as a
@coinmarketcapLATEST: 💰 Nasdaq-listed Zhibao Technology has signed a non-binding term sheet to sell $220M in stock to fund a Bitcoin treasury.
@cryptodotnewsJUST IN: China public company Zhibao Technology signs term sheet for 3,500 $BTC PIPE financing The non binding agreement marks another corporate Bitcoin treasury move