China's Zhibao Technology Launches a 2,380 Bitcoin Treasury Reserve

Zhibao Technology, a Nasdaq-listed Chinese company, officially launched its bitcoin treasury by receiving 2,380 bitcoin, according to Arzdigital, citing the company's own announcement. The assets were delivered through private PIPE financing in exchange for newly issued company shares, with the agreed deal value put at about 154.7 million dollars.

Per the announcement, investors transferred all agreed bitcoin to Zhibao's dedicated wallet on 26 Mordad 1405 (August 17, 2026). The company delivered more than 395 million PIPE units in the first phase, while issuance of the remaining roughly 46 million units depends on shareholder approval and an increase in the company's authorized capital.