PANews|Dec 23, 2025 14:20
[Nasdaq-listed Company iPower Secures $30 Million Convertible Note Financing Agreement to Launch DAT Strategy]
According to Globenewswire, Nasdaq-listed e-commerce and supply chain platform iPower announced that it has secured a $30 million convertible note financing agreement to launch its Digital Asset Treasury (DAT) strategy. The company disclosed that the initial phase of this financing will allocate $9 million, with $4.4 million intended for purchasing Bitcoin ($BTC) and Ethereum ($ETH). The remaining funds will be used to increase working capital and strengthen the balance sheet, while 80% of subsequent funds will be dedicated to the continued acquisition of digital assets.
Earlier reports indicate that iPower announced a strategic shift in June this year toward crypto finance and blockchain infrastructure services.
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