iPower announced it has entered into a $30 million convertible note financing facility with a U.S.-based institutional investor, a transaction the company plans to use to strengthen its balance sheet and launch a Digital Asset Treasury strategy as part of a broader push to link digital assets with real-world commerce.
The company said $9 million is initially committed under the facility. From that first tranche, iPower expects to allocate approximately $4.4 million to establish its Digital Asset Treasury, which it said will hold a mix of Bitcoin and Ethereum. iPower also plans to use proceeds to repay an existing short-term bridge loan and add cash to the balance sheet for working capital and other corporate purposes.
For subsequent tranches, iPower said it intends to allocate approximately 80% of proceeds toward acquiring digital assets. The company described the facility as its first concrete step toward executing a broader crypto strategy, noting its existing operating business and $59 million in trailing 12-month revenue as of Sept. 30, 2025.
Beyond building a digital asset position, iPower said it plans to use the facility to pursue operational initiatives, including evaluating strategic acquisitions and investments to generate positive returns on invested capital, and working with licensed and regulated digital asset product providers to develop and distribute compliant consumer-facing products. iPower said it plans to leverage its digital platforms, data systems, and analytics capabilities to integrate and scale those offerings.
KEY QUOTE:
“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.”
Lawrence Tan, CEO of iPower Inc.
