iPower announces $30M financing December 23 to build a Bitcoin and Ethereum treasury

Nasdaq-listed iPower Inc. announced on December 23 a $30 million convertible note financing to fund a Digital Asset Treasury focused on Bitcoin and Ethereum. The company said the initiative aligns with long-term growth goals and will allocate 80% of future tranches to digital asset acquisitions. Bitcoin was around $87,372.63 at publication, according to CoinMarketCap.