Zhibao Technology said it has reached a private placement financing deal funded with Bitcoin from non-U.S. investors. The company put the size of the transaction at $154.7 million, equivalent to 2,380 BTC. The announcement identified Zhibao Technology as a publicly listed Chinese company. No additional terms of the financing were disclosed in the brief update. The statement focused on the size of the raise, the use of Bitcoin as the contributed asset, and the investor base being outside the United States. The company’s announcement was carried by ChainCatcher.
Zhibao Technology said it has entered into a Bitcoin-funded private placement financing deal with non-U.S. investors, with the transaction valued at $154.7 million.
The financing involves 2,380 BTC, according to the announcement. Zhibao Technology was identified in the update as a publicly listed Chinese company.
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