Zhibao Technology Inc. (NASDAQ:ZBAO) closed a $154.7 million Bitcoin (CRYPTO: BTC)-funded private placement on Tuesday, establishing a corporate treasury reserve of 2,380 BTC. New Bitcoin Treasury Firm on the Block The Shanghai-based digital insurance broker issued 442 million units at $0.35 each, combining one Class A ordinary share, with a par value of $0.0001 per share, and a two-year warrant exercisable at $0.35.