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Zhibao to Receive 3,500 Bitcoin Worth $220M in PIPE Financing, Buyer to Gain Board Majority

2026-07-23 20:31:01

BTC-1.25%

According to Odaily, Nasdaq-listed Zhibao Technology announced today it signed a non-binding PIPE term sheet with Joyertech and Information OPC to sell shares in exchange for approximately 3,500 Bitcoin, valued at roughly $220 million at current prices. Under the arrangement, the buyer is expected to designate a majority of board members upon deal completion, while the company's current management team will continue overseeing daily operations. The transaction remains subject to final valuation, escrow arrangements, audits, regulatory review, and Nasdaq compliance approval.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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In-Depth Analysis

Zhibao Technology Plans $220M Bitcoin Treasury via PIPE Financing

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Smarter Web Repays $11.7M Debt by Selling 177 Bitcoin on July 23

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Smarter Web Sells 178 Bitcoin to Repay $11.7M Convertible Instrument

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