Zhibao, a Shanghai-based InsurTech firm, closed a $154.7 million private placement funded entirely in crypto, with investors contributing Bitcoin directly rather than cash. As part of its treasury pivot, the company added 2,380 Bitcoin to its holdings.
This item was indexed from its published source and tied to the entity records it names. The Counterparty reports what the market says and who it says it about; it does not rewrite the original report. Read the source for the full account.