---
title: "Chinese InsurTech Firm Zhibao Adds 2,380 Bitcoin in $154.7M Treasury Pivot"
url: https://thecoingazette.com/chinese-insurtech-firm-zhibao-adds-2380-bitcoin-in-154-7m-treasury-pivot/
date: 2026-08-19
modified: 2026-08-19
author: "Coin Gazette Editorial"
description: "The Shanghai-based InsurTech firm closed a $154.7 million private placement funded entirely in crypto, with investors contributing Bitcoin directly rather than cash."
categories:
  - "Business"
word_count: 22
---

# Chinese InsurTech Firm Zhibao Adds 2,380 Bitcoin in $154.7M Treasury Pivot

The Shanghai-based InsurTech firm closed a $154.7 million private placement funded entirely in crypto, with investors contributing Bitcoin directly rather than cash.