11:20 AM EST, 12/23/2025 (MT Newswires) -- IPower ( IPW ) said Tuesday it has entered into a $30 million convertible note financing facility with a US-based institutional investor to launch its Digital Asset Treasury strategy.

IPower ( IPW ) said it will use about $4.4 million of the initial $9 million committed funding to establish the treasury strategy, which is expected to hold Bitcoin and Ethereum.

Proceeds will also be used to repay its short-term bridge loan and for working capital, among other uses, it added.

The company also said other plans include evaluating strategic acquisitions and investment opportunities.

Shares of the company were down over 9% in recent trading.

Price: 10.69, Change: -1.11, Percent Change: -9.41