Zhibao takes 3,500 Bitcoin for stock, hands board to buyer

What happened

Zhibao Technology will issue new shares and accept about 3,500 Bitcoin, worth roughly $220 million, giving the buyer majority control of its board of directors.

Confirmed

Global impact / market context

The deal shows a public company using Bitcoin as payment for equity, highlighting crypto’s potential as a financing tool and signaling that board control can be transferred through digital‑asset transactions.

Analyst inference

The transaction occurs while Bitcoin’s market value is high enough to fund a $220 million equity raise, illustrating how companies can tap crypto valuations for capital when traditional funding may be limited.

Analyst inference

What to watch

1. Regulators’ response to a listed firm accepting Bitcoin for shares, which could shape future rules on crypto‑based equity deals. Analyst inference
2. Zhibao’s share price after the board control shift, revealing investor reaction to a crypto‑backed capital raise. Analyst inference
3. Bitcoin price movements, since a $220 million transaction ties the cryptocurrency’s market value directly to the company’s financing. Analyst inference

Affected assets

• BTC — Bitcoin

Evidence

• cryptopolitan.com