iPower Secures $30 Million Funding Agreement, Launches Crypto Treasury Strategy

BlockBeats News, December 23rd, according to Globenewswire, U.S. publicly traded company iPower (IPW) announced that it has entered into a $30 million convertible note financing agreement to kickstart its Digital Asset Treasury (DAT) strategy. Out of the initial commitment of $9 million, around $4.4 million is expected to be used to purchase Bitcoin and Ethereum.