iPower Provides Market Update on Digital Asset Treasury Execution

Core Insights - iPower Inc. has executed its Digital Asset Treasury strategy, making initial purchases of Bitcoin and Ethereum through a subsidiary account with BitGo, ensuring assets are held under defined custody and governance arrangements [2][3]. Group 1: Digital Asset Strategy - The company emphasizes that its Digital Asset Treasury is a long-term strategy rather than a short-term trading approach, focusing on disciplined execution within a risk-management framework [3][4]. - iPower's CEO, Lawrence Tan, highlighted the importance of execution discipline and transparency in building digital asset exposure in a controlled manner, supported by institutional-grade custody and governance [4]. Group 2: Market Performance - Since the initial purchases, the market prices for Bitcoin and Ethereum have remained above the acquisition prices, indicating positive market movement during this period [3]. Group 3: Future Plans - iPower may consider additional digital asset purchases in the future, contingent on market conditions, capital availability, and internal risk-management considerations [4]. - The company is also evaluating its operating and capital structure to enhance long-term stockholder value [5]. Group 4: Company Overview - iPower Inc. operates at the intersection of digital assets and real-world commerce, leveraging its e-commerce operations and emerging digital asset initiatives to connect digital assets with real-world commerce through compliant infrastructure [6].