iPower Inc. (Nasdaq: IPW), a technology and data-driven online retailer, has completed purchases of Bitcoin (BTC) and Ethereum (ETH) for its digital asset treasury through BitGo Holdings Inc.’s infrastructure, including transactions and custody services.

iPower executed these transactions using BitGo Prime’s over-the-counter (OTC) trading services. This provided iPower with access to institutional liquidity and discreet execution, while leveraging BitGo’s custody platform for the secure long-term storage of its digital assets. The purchases were conducted through an account maintained at BitGo Bank & Trust, National Association.

Mike Belshe, CEO and Co-founder of BitGo, stated, “Corporate treasury participation in digital assets requires strong security, governance, and operational rigor. BitGo provides infrastructure that supports these requirements across custody and transaction execution.”

Lawrence Tan, CEO of iPower, commented on the decision: “As we evaluated our approach to digital asset treasury activity, we focused on governance, security and operational discipline. We believe BitGo’s infrastructure provides a framework aligned with our internal controls for purposes of supporting the execution and custody of these transactions.”

BitGo, a digital asset infrastructure company founded in 2013, offers custody, wallets, staking, trading, financing, and settlement services from regulated cold storage. Its platform is designed to support institutional digital asset activity, featuring multi-signature security, policy controls, and operational workflows used by corporate treasuries, asset managers, and other institutional participants globally.

iPower Inc. (Nasdaq: IPW) specializes in online retail and provides 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 plans to pursue initiatives in digital assets and blockchain integration.