EL7.AI
Crypto•24 July 2026•
1 min read

Zhibao Technology to Acquire 3,500 Bitcoin in $220M PIPE Deal

Key Facts

1Zhibao Technology will receive approximately 3,500 Bitcoin worth $220 million in exchange for new shares.
2The deal hands majority board control of the company to the buyer.

In a move reflecting the growing trend of public companies adopting digital assets for treasury management, Zhibao Technology has announced a term sheet to acquire approximately 3,500 Bitcoin. According to reports, the deal is valued at $220 million and will be executed through a Private Investment in Public Equity (PIPE) arrangement. This strategy aims to restructure the company's balance sheet by integrating cryptocurrency as a core strategic asset.

The terms of the deal involve a significant shift in corporate governance, handing majority board control to the buyer upon closing. This development comes as the company navigates compliance challenges with Nasdaq listing rules, having recently received a deficiency notice regarding its minimum bid price. The transaction is unique as it involves exchanging new equity directly for Bitcoin rather than cash, significantly increasing the firm's digital holdings.

Investors are closely monitoring the company's ability to regain Nasdaq compliance before the January 2027 deadline. Upcoming catalysts include the Michigan Consumer Sentiment index and US inflation expectations, which may influence broader market sentiment toward digital asset adoption.