Chinese insurance technology company Zhibao Technology has made a strategic move that underscores the growing adoption of digital assets in the traditional corporate sector. The firm successfully closed a private placement worth $154.7 million, and notably, investors fully paid for the deal in bitcoins. All 2,380 BTC were transferred directly to the company's wallet.
Deal details and funding structure
As part of the placement, Zhibao issued 442 million shares and warrants at $0.35 per unit. This approach to structuring the deal demonstrates the company's flexibility in raising capital in the digital economy. The key aspect here is not just the fact of raising funds, but the form of settlement, which signals a serious attitude toward bitcoin as a corporate treasury tool.
Bitcoin as a strategic reserve
The company intends to use the received coins as a reserve asset, placing Zhibao alongside pioneers of corporate BTC adoption such as MicroStrategy and Tesla. At the same time, the insurance business remains the core focus, with bitcoin viewed as a long-term store of value protecting against inflation and fiat currency volatility.
This case is further confirmation that institutional investors have stopped treating bitcoin as a speculative instrument. Paying for a major deal in cryptocurrency without converting to fiat speaks to the maturity of the market and the willingness of large players to hold digital assets on their balance sheets. In my assessment, in the coming quarters we will see a rise in the number of such transactions, especially in the Asia-Pacific region, where regulatory uncertainty is gradually giving way to clearer rules of the game.