iPower, a Nasdaq-listed e-commerce and supply chain platform, has secured a $30 million convertible note financing agreement to implement its Digital Asset Treasury (DAT) strategy. The initial phase involves a $9 million investment, with $4.4 million allocated for purchasing Bitcoin and Ethereum. The remaining funds will enhance working capital. Future investments will focus 80% on acquiring additional digital assets. This move follows iPower's strategic shift towards crypto finance and blockchain services announced in June.
iPower Secures $30M Financing for Digital Asset Strategy
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