China-based Nasdaq-listed Zhibao Technology just stacked 2,380 $BTC — roughly $154.7M — via a PIPE deal where investors paid in Bitcoin instead of cash.
The irony? Crypto trading is banned on the mainland. Citizens can't touch it. But a Chinese public company just loaded 2,380 $BTC straight onto the balance sheet.
Banned for retail. Open season for corporate treasuries.
2026 is shaping up to be a strange year in crypto.
The irony? Crypto trading is banned on the mainland. Citizens can't touch it. But a Chinese public company just loaded 2,380 $BTC straight onto the balance sheet.
Banned for retail. Open season for corporate treasuries.
2026 is shaping up to be a strange year in crypto.