Post by Augustine Chiagozie (@pabloexchange)

₿ Nasdaq-listed Zhibao eyes 3,500 BTC treasury via PIPE deal

Zhibao Technology has signed a non-binding agreement to add roughly 3,500 Bitcoin — worth ~$220M — to its balance sheet through a proposed stock sale paid in BTC.

The Nasdaq-listed firm would issue shares to investors who pay in Bitcoin, effectively converting equity into a BTC treasury position. The structure mirrors the PIPE-for-crypto playbook that's become a go-to move for companies looking to stack sats without touching cash reserves.

No binding terms are in place yet, but if it closes, Zhibao joins a growing list of public companies treating Bitcoin as a primary treasury asset.

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