The Shanghai-based InsurTech company closed a $154.7 million private placement funded entirely in crypto, with investors contributing Bitcoin directly rather than cash.
Chinese InsurTech Company Zhibao Adds 2,380 Bitcoin in $154.7M Treasury Pivot
The Shanghai-based InsurTech company closed a $154.7 million private placement funded entirely in crypto, with investors contributing Bitcoin directly rather than cash.
Reporting based on public statements, filings, and reporting gathered from multiple sources.
Disclaimer: This article is for informational purposes only and does not constitute financial, investment, legal, or tax advice. Cryptocurrency investments carry significant risk. Past performance is not indicative of future results.
