iPower Inc. completed its inaugural digital‑asset purchases on December 26 2025, acquiring 15.1 Bitcoin at an average price of $87,686.33 per coin and 301.1 Ethereum at an average price of $2,934.67 per token, for a total investment of approximately $2.2 million. The transactions were executed through a subsidiary account at BitGo, a leading institutional‑grade custodian, and were announced on December 29 2025.
The move follows iPower’s June 2025 pivot to a crypto‑treasury and blockchain‑infrastructure services model and the company’s recent $30 million convertible‑note financing secured on December 23 2025. The new capital structure provides the liquidity needed to support the company’s expanded treasury strategy and signals management’s confidence in digital assets as a long‑term reserve asset.
Strategically, the purchase marks a shift toward higher‑yield, higher‑risk assets, adding a new asset class to iPower’s balance sheet. The company’s custody and control arrangements are designed to manage risk, while the acquisition of Bitcoin and Ethereum reflects a belief that these assets can enhance balance‑sheet resilience and position iPower within emerging financial ecosystems.
iPower’s financial backdrop underscores the significance of the purchase. The company reported declining revenues—$16.6 million in Q3 2025 and $11.5 million in Q4 2025—and net losses of $0.3 million and $2.8 million, respectively. With debt standing at $3.7 million as of June 30 2025, the $2.2 million investment represents a modest but meaningful allocation of cash reserves toward a new growth avenue.
CEO Lawrence Tan emphasized that the initial deployment is a milestone in executing the broader crypto strategy. He described the purchases as a disciplined and measured approach to building digital‑asset exposure, supported by defined custody and control arrangements, and highlighted Bitcoin’s role as a reserve asset in the company’s long‑term treasury plan.
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