On July 22, 2026, Zhibao Technology Inc. signed a non-binding term sheet with JOYERTECH AND INFORMATION OPC for a proposed private investment in public equity (PIPE) financing. The consideration for the investment is expected to include approximately 3,500 Bitcoin. Upon closing, the buyer is expected to designate a majority of the board of directors, while current management will continue overseeing day-to-day operations of the legacy business until further restructuring. The transaction is subject to due diligence, definitive agreements, and regulatory approvals. Zhibao Technology is an InsurTech company that provides digital insurance brokerage services in China using a 2B2C embedded insurance model.
