iPower Inc. (Nasdaq: IPW) has announced a $30 million convertible note financing facility to support the launch of its Digital Asset Treasury (DAT) strategy, positioning the company at the intersection of digital assets and real-world commerce. This initiative is backed by a US-based institutional investor.
Of the initial $9 million in committed funding from the facility, approximately $4.4 million will be allocated to establish the Digital Asset Treasury, which is expected to hold a combination of Bitcoin and Ethereum. The remaining proceeds from this initial tranche will be utilized to repay the company’s existing short-term bridge loan and to add cash to the balance sheet for working capital. For subsequent funding tranches, approximately 80% of the proceeds are intended for the acquisition of digital assets.
This transaction marks iPower’s initial concrete step in executing its broader crypto strategy. The company builds on its foundation as an established operating business, having reported $59 million in trailing 12-month revenue as of September 30, 2025.
iPower plans to leverage this financing facility to pursue several operational strategies. These may include evaluating strategic acquisitions and investment opportunities that enable the company to deploy assets from its enhanced balance sheet to generate positive return on invested capital (ROIC). Additionally, iPower intends to work with licensed and regulated digital asset product providers to develop and distribute compliant, consumer-facing digital asset products, utilizing its existing digital platforms, data systems, and analytics capabilities to integrate and scale these offerings.
Lawrence Tan, CEO of iPower Inc., stated, “This financing strengthens our capital structure with long-term aligned capital, giving us the flexibility to execute a durable growth strategy. Our Digital Asset Treasury is designed to be a strategic bridge between e-commerce and digital assets. By combining our platform capabilities, operating experience, and ecosystem relationships, we are focused on integrating digital assets into everyday commerce in a way that supports real economic activity and long-term value creation, rather than short-term speculation.”
iPower Inc. is a technology- and data-driven online retailer and a provider of value-added e-commerce services for third-party products and brands. The company operates a nationwide fulfillment network and is expanding its infrastructure across software, logistics, and manufacturing, with an aim to also pursue initiatives in digital assets and blockchain integration.
