Chinese InsurTech firm Zhibao just raised $154.7 million in Bitcoin, directly from investors.
Forget the cash-raise-then-buy model. Zhibao executed a direct crypto-for-equity swap, adding 2,380 BTC to its treasury.
This is a game-changer for corporate treasuries. It cuts out fiat on-ramps and regulatory hurdles, lowering execution risk and accelerating capital raises for crypto-native companies. This structure will become the new playbook for public companies acquiring Bitcoin.
$BTC trades at $65,078. Reclaim $65,218 for a clearer path. Lose EMA20 at $64,526, and we retest 7d lows. $BTC
Forget the cash-raise-then-buy model. Zhibao executed a direct crypto-for-equity swap, adding 2,380 BTC to its treasury.
This is a game-changer for corporate treasuries. It cuts out fiat on-ramps and regulatory hurdles, lowering execution risk and accelerating capital raises for crypto-native companies. This structure will become the new playbook for public companies acquiring Bitcoin.
$BTC trades at $65,078. Reclaim $65,218 for a clearer path. Lose EMA20 at $64,526, and we retest 7d lows. $BTC