iPower Inc. announced a $30 million convertible note financing facility to launch its Digital Asset Treasury strategy.
$4.4 million will be used to establish a Digital Asset Treasury holding Bitcoin and Ethereum.
The facility will strengthen the company's capital structure and position it at the intersection of digital assets and real-world commerce.
Convertible Note Financing
$30 million convertible note facility to support Digital Asset Treasury strategy.
Use of Proceeds
$4.4 million for Digital Asset Treasury, repay short-term loan, add working capital, and acquire digital assets.
Operational Strategies
Evaluate acquisitions, work with digital asset providers, and integrate digital assets into everyday commerce.
- The financing strengthens iPower's capital structure for long-term growth.
- Digital Asset Treasury bridges e-commerce and digital assets to create long-term value.
- Operational strategies aim to generate positive ROIC and enhance shareholder value.
iPower's strategic financing marks a significant step in executing its crypto strategy, leveraging its platform capabilities and ecosystem relationships to integrate digital assets into commerce.