The Shanghai-based InsurTech firm closed a $154. 7 million private placement funded entirely in crypto, with investors contributing Bitcoin directly rather than cash.
Source: [Decrypt](https://decrypt.co/375935/china-zhibao-bitcoin-treasury-pivot)
If the proposed rules are formalized, it could lead to an ICO boom in the U. S.
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The proposed deal hands Metaplanet 95. 7% at closing, while later capital depends on unexercised warrants and an optional preferred right. The post Metaplanet’s US Bitcoin treasury bet could unlock up to $3.
Developing story — details emerging. Check the source link for the latest updates.
Longer-term U. S.
The dollar tumbled by the most in three weeks to its weakest level since mid-May after the bond market rallied on the US Treasury Department’s unexpected announcement that it is increasing buybacks of long-dated bonds.