According to WuShuo, Nasdaq-listed company Zhibao Technology (NASDAQ: ZBAO) announced the completion of a $154.7 million PIPE financing. The transaction involved the issuance of 442 million PIPE Units at a unit price of $0.35, with each unit comprising 1 Class A common share and a two-year warrant. Investors completed payment by transferring 2,380 Bitcoins to the company’s designated wallet, with a reference price of $65,000 per Bitcoin. The company has delivered 395.68 million units, with the remaining 46.3218 million units to be delivered upon shareholder approval. Zhibao stated that it will continue to develop its digital insurance brokerage business and explore leveraging investors’ expertise in the crypto market and Web3 infrastructure to expand related ventures. https://(wublock123.com)/news/zhibao-technology-154-7m-pipe-funded-by-2380-btc-66687