---
title: "InsurTech firm Zhibao acquires 2,380 Bitcoin in $154.7M treasury shift, funding sourced in crypto from investors."
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/296366495.md"
description: "The InsurTech company headquartered in Shanghai recently completed a private placement, raising a substantial $154.7 million. Interestingly, the entire funding was obtained in cryptocurrency, with investors opting to contribute Bitcoin instead of traditional cash."
datetime: "2026-08-19T13:33:04.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/296366495.md)
  - [en](https://longbridge.com/en/news/296366495.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/296366495.md)
generator: "portal-rs"
---

# InsurTech firm Zhibao acquires 2,380 Bitcoin in $154.7M treasury shift, funding sourced in crypto from investors.

The InsurTech company headquartered in Shanghai recently completed a private placement, raising a substantial $154.7 million. Interestingly, the entire funding was obtained in cryptocurrency, with investors opting to contribute Bitcoin instead of traditional cash.

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**