Zhibao, listed on Nasdaq, aiming for Bitcoin treasury by selling $220M in stock for BTC; Shanghai insurance-tech firm trading below $1 to accept BTC for new shares.

An insurance technology company headquartered in Shanghai, which is currently trading below $1, is planning to create a bitcoin treasury. The company aims to achieve this by accepting Bitcoin as payment for new shares issued. This strategic move indicates the company's willingness to venture into cryptocurrency investments and diversify its asset holdings.