[Zhibao Technology Signs $154.7 Million PIPE Agreement, Investors Pay with 2,380 Bitcoins and Gain Board Control] According to CryptoSlate, Nasdaq-listed Zhibao Technology (a Chinese insurtech company) signed a PIPE (Private Investment in Public Equity) agreement worth approximately $154.7 million on July 31. Investors will pay with 2,380 bitcoins (calculated at a fixed price of $65,000 per bitcoin). The agreement lists 10 investor entities, each allocated 44.2 million units, with a total value of $15.47 million, paid with 238 bitcoins. Investors are purchasing 442 million units at $0.35 per unit, with each unit comprising 1 Class A common share and a 2-year warrant (allowing the purchase of 1 additional share at an exercise price of $0.35). The potential total issuance could reach 884 million shares.