Zhibao Technology Raises $154.7M in Bitcoin-Paid PIPE for Embedded Insurance
Zhibao Technology Inc. (NASDAQ: ZBAO) on Jul 31, 2026, signed a definitive Securities Purchase Agreement for a $154.7 million PIPE financing with a group of non-U.S. investors. The company will issue 442,000,000 units at $0.35 each, with the full purchase price paid through the contribution of 2,380 Bitcoins valued at $65,000 per coin based on Jul 30, 2026, market prices. Closing is scheduled within 12 business days, subject to regulatory approvals, Nasdaq compliance, and share capital availability.
Ten institutional and individual investors are participating, including Metaverse Intelligence Tech, DYT Info, and YY Tech. Upon closing, four incumbent directors and the current CEO and CFO will resign, with investors designating replacements. Chairman Botao Ma will remain on the board.
Proceeds will go toward business development, AI-related R&D for the InsurTech model, and a Bitcoin treasury reserve strategy.
- Demonstrates growing intersection of embedded insurance models with cryptocurrency-based capital structures
- Validates investor appetite for embedded insurance platforms in the APAC market despite unconventional funding mechanisms