Insurance Firm Zhibao Plans to Build a Bitcoin Treasury

Zhibao, an insurance technology company based in Shanghai, announced plans to create a Bitcoin treasury. The firm intends to sell $220 million in new shares to fund this shift. Instead of traditional cash, the company aims to accept Bitcoin directly as payment for these shares.

This move comes as the company trades at a low price point. By tying its balance sheet to Bitcoin, Zhibao joins a growing list of public companies that view digital assets as a core part of their financial reserves.

Investors are watching to see how this stock sale plays out. The success of the offering will depend on market appetite for a firm shifting its focus toward digital assets. This development shows how even smaller, traditional insurance tech companies are attempting to integrate crypto into their corporate strategy.