Zhibao: Nasdaq Firm Plans $220M Stock Sale for BTC

Zhibao filed plans to raise $220M through stock sales to establish a Bitcoin treasury, marking another Nasdaq-listed entity accumulating BTC.

Price action shows BTC at $65139.99 holding above the EMA50 at $65025.22 while the EMA200 at $63761.04 anchors the broader bullish structure. With the MACD flashing a death cross at 67.35 and RSI neutral at 46.35, the market sits inside Bollinger bands between $64720.2 support and $66877.26 resistance, suggesting a potential test of the 50-EMA before continuation.

This move aligns with ongoing Bitcoin treasury strategy adoption and supports fresh BTC price prediction models tracking institutional flows rather than any crypto market crash narrative.