iPower Completes Initial Digital Asset Treasury Purchases
Rhea-AI Summary
iPower (Nasdaq: IPW) completed its initial Digital Asset Treasury purchases on December 26, 2025, marking the company's first capital deployment into crypto.
Transactions executed through a BitGo subsidiary account:
- Purchased 15.1 BTC at an average price of $87,686.33 per BTC (total ≈ $1,325,400).
- Purchased 301.1 ETH at an average price of $2,934.67 per ETH (total ≈ $883,600).
iPower said these purchases reflect a measured approach with custody and control arrangements and that it may evaluate additional purchases in coming weeks subject to market conditions and its risk management framework.
Positive
- Initial DAT deployment of approximately $2.21M
- Custody executed via a BitGo subsidiary account
- First-time digital asset exposure under a defined DAT strategy
Negative
- Concentrated crypto exposure of approximately $2.21M added to treasury
- Potential for additional purchases in coming weeks could affect liquidity or capital allocation
News Market Reaction
On the day this news was published, IPW declined 17.32%, reflecting a significant negative market reaction. Argus tracked a trough of -16.0% from its starting point during tracking. Our momentum scanner triggered 14 alerts that day, indicating notable trading interest and price volatility. This price movement removed approximately $2M from the company's valuation, bringing the market cap to $9M at that time.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
IPW was down 11.74% while peers showed mixed moves: YJ down 6.88%, MI up 0.14%, LGCB up 4.97%, MOGU up 1.63%, and WNW up 6.38%, pointing to stock-specific rather than sector-wide pressures.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| 2025-12-23 | Financing & DAT launch | Positive | -11.4% | Announced $30M convertible note facility to fund Digital Asset Treasury and growth. |
| 2025-12-09 | Debt repayment | Positive | +15.0% | Fully repaid JPMorgan ABL using a no-fee 6.5% bridge loan to simplify capital. |
| 2025-11-14 | Earnings update | Neutral | -2.5% | Reported Q1 2026 with lower revenue but improved net loss and reduced debt. |
| 2025-11-11 | Nasdaq compliance | Positive | -1.1% | Regained compliance with Nasdaq $1.00 minimum bid price requirement. |
| 2025-10-22 | Funding strategy | Neutral | +4.5% | Began pursuing alternative funding solutions to enhance liquidity and flexibility. |
Recent news tied to financing and digital asset strategy saw negative reactions, while balance sheet simplification and funding flexibility updates drew more positive or stable responses.
Over the last few months, iPower focused on capital structure and strategic repositioning. On October 22, 2025, it began pursuing alternative funding solutions, followed by a 1-for-30 reverse split effective October 27, 2025. The company then repaid its JPMorgan ABL facility on December 7, 2025. Fiscal Q1 2026 results on November 14, 2025 showed lower revenue but improved net loss. On December 23, 2025, iPower secured a $30 million convertible note facility to launch its Digital Asset Treasury strategy, directly preceding today’s initial crypto purchases.
Market Pulse Summary
The stock dropped -17.3% in the session following this news. A negative reaction despite the defined Digital Asset Treasury plan fits prior skepticism around financing and structural changes. Shares declined after the $30 million convertible facility tied to this strategy, and the stock already traded well below its 200-day MA. Weak liquidity and past revenue declines from filings add to perceived risk. If selling persisted, it could reflect concerns about crypto volatility, balance sheet exposure, and execution of the broader strategy.
Key Terms
digital asset treasury financial
bitcoin financial
ethereum financial
digital assets financial
AI-generated analysis. Not financial advice.
RANCHO CUCAMONGA, Calif., Dec. 29, 2025 (GLOBE NEWSWIRE) -- iPower Inc. (Nasdaq: IPW) (“iPower” or the “Company”) today announced that it has completed its initial acquisitions under its Digital Asset Treasury (“DAT”) strategy, marking the Company’s first deployment of capital into digital assets.
On Friday, December 26, 2025, through a subsidiary account maintained at BitGo, iPower executed the following transactions as part of its DAT strategy:
- Purchased 15.1 Bitcoin (BTC) at an average price of
$87,686.33 per BTC, for a total notional value of approximately$1,325,400 ; and - Purchased 301.1 Ethereum (ETH) at an average price of
$2,934.67 per ETH, for a total notional value of approximately$883,600.
“We view this initial deployment as an important milestone in executing our broader crypto strategy,” said Lawrence Tan, CEO of iPower. “These purchases reflect a disciplined and measured approach to building digital asset exposure, supported by defined custody and control arrangements. We intend to continue evaluating additional purchases over time, subject to market conditions and our internal risk management framework.”
iPower noted that it may make additional digital asset purchases in the coming weeks, depending on market conditions and capital availability, consistent with the parameters of its DAT strategy.
About iPower Inc.
iPower Inc. (Nasdaq: IPW) is a technology- and data-driven online retailer and a provider of value-added e-commerce services for third-party products and brands. iPower operates a nationwide fulfillment network and is expanding infrastructure across software, logistics, and manufacturing, with an aim to also pursue initiatives in digital assets and blockchain integration. For more information, please visit www.meetipower.com.
Forward-Looking Statements
All statements other than statements of historical fact in this press release are forward-looking statements, including statements regarding the implementation of iPower’s DAT strategy, the anticipated benefits of holding digital assets, and iPower’s future business plans in this sector. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that iPower believes may affect its financial condition, results of operations, business strategy, and financial needs. Investors can identify these forward-looking statements by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. iPower undertakes no obligation to update forward-looking statements to reflect subsequent events or circumstances, or changes in its expectations, except as may be required by law. Although iPower believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and iPower cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results and performance in iPower's Annual Report on Form 10-K, its Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and other SEC filings.
Media & Investor Contact
IPW.IR@meetipower.com
FAQ
What did iPower (IPW) purchase on December 26, 2025 under its DAT strategy?
How much did iPower spend in total on its initial digital asset purchases (IPW)?
Where are iPower's (IPW) digital assets held after the December 26, 2025 purchases?
Will iPower (IPW) buy more digital assets after its December 26, 2025 transactions?
What were the average purchase prices for iPower's BTC and ETH buys (IPW)?
