Zhibao Technology signaled a non-binding PIPE to be paid with about 3,500 BTC, roughly $220 million, enabling a buyer to gain majority board control and place a large bitcoin treasury on Zhibao’s balance sheet while the company continues its existing business. The deal remains preliminary and subject to valuation, audits, regulatory review, and Nasdaq-related delisting risks already flagged for the company, with no firm confirmation yet.

Tech· Jul 22, 2026

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NNASDAQ Transportation Index· Tech · 7 sources · Jul 22, 2026Story

Nasdaq-listed Zhibao plans bitcoin PIPE financing

Tech· Jul 22, 2026

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About NASDAQ Transportation Index

The NASDAQ Transportation Index is a capitalization-weighted stock market index designed to measure the performance of all NASDAQ stocks in the transportation sector. The index was developed with a base value of 100 as of February 5, 1971. The parent index is NASDAQ Composite Index.

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