Zhibao Technology has completed a $154.7 million private investment in public equity (PIPE) financing, issuing a total of 442 million PIPE units at a price of $0.35 per unit, which includes one share of Class A common stock and a two-year warrant. Investors paid the full amount with 2,380 bitcoins, calculated at a market price of approximately $65,000 per bitcoin as of July 30. The funds raised will be used to strengthen the financial foundation, accelerate growth, and deepen collaboration in the cryptocurrency and Web3 sectors.
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