iPower Inc. (NASDAQ: IPW) announced a $30 million convertible note financing arrangement with a U.S. institutional investor to launch its Digital Asset Vault (DAT) strategy. Of the initial $9 million committed, approximately $4.4 million will be allocated to Bitcoin and Ethereum, with the remainder used to repay short-term loans and replenish working capital. Approximately 80% of subsequent funding is planned for the purchase of digital assets.
iPower launches its digital asset vault strategy, securing $30 million in convertible bond financing.
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