iPower (IPW) Launches $30 Million Convertible Note Financing to Build a Digital Asset Treasury, With $4.4 Million Allocated for Bitcoin and Ethereum Purchases
COINOTAG News, reporting on December 23 via Globenewswire, confirms that U.S. publicly traded iPower (IPW) has entered into a $30 million convertible note financing agreement to advance its Digital Asset Treasury (DAT) program. The funding is structured to provide optionality and liquidity as the firm positions its balance sheet for strategic exposure to select crypto assets, with governance measures aligned to preserve capital in a volatile market.
An initial $9 million tranche is committed, with about $4.4 million earmarked for acquiring Bitcoin and Ethereum. The deployment plan signals a disciplined approach to crypto exposure, prioritizing leading assets while maintaining prudent risk controls. Investors should monitor the DAT program’s deployment cadence and potential implications for iPower’s capital structure as the facility scales.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The Strongest Candidate for the Fed Chair Spoke About the US Economy – “Interest Rate Cuts Are Lagging”
US GDP Near 4% as AI Productivity Drives Job Growth; Fed Rate-Cut Delays Highlight CNBC Interview
Whales Add $3 Million in AAVE as Governance Uncertainty Pressures Price
U.S. Stocks Rally as S&P 500 Near Historic Closing Record at 6,900; Dow and Nasdaq Edge Higher
Trending news
MoreCrypto prices
More
