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iPower Provides Market Update on Digital Asset Treasury Execution
Globenewswire· 2026-01-15 14:10
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].
iPower to Plow $30M Into Digital Asset Treasury Strategy
Crowdfund Insider· 2025-12-29 23:56
Core Viewpoint - iPower Inc. has initiated a $30 million convertible note financing to launch its Digital Asset Treasury strategy, aiming to integrate digital assets with real-world commerce [1][3]. Group 1: Financing Details - The financing includes an initial $9 million commitment, with approximately $4.4 million allocated to establish a digital asset treasury that will hold Bitcoin and Ethereum [2]. - The proceeds will also be used to repay existing short-term loans and enhance working capital [2]. Group 2: Strategic Intent - This financing marks a significant step in iPower's broader crypto strategy, leveraging its established business with $59 million in trailing 12-month revenue as of September 30, 2025 [3]. - The company aims to create a digital asset treasury that serves as a bridge between e-commerce and digital assets, focusing on long-term value creation rather than short-term speculation [3]. Group 3: Future Plans - iPower plans to evaluate strategic acquisitions and investment opportunities to generate positive Return on Invested Capital (ROIC) using its enhanced balance sheet [4]. - The company intends to collaborate with licensed digital asset product providers to develop compliant consumer-facing products, utilizing its existing platforms and analytics capabilities [4].
iPower Enters into Strategic $30 Million Financing Facility to Strengthen Balance Sheet and Launch Digital Asset Treasury
Globenewswire· 2025-12-23 14:05
RANCHO CUCAMONGA, Calif., Dec. 23, 2025 (GLOBE NEWSWIRE) -- iPower Inc. (Nasdaq: IPW) today announced that it has entered into a $30 million convertible note financing facility to launch its Digital Asset Treasury (“DAT”) strategy as part of a broader crypto strategy designed to position the Company at the intersection of digital assets and real-world commerce, supported by a $30 million convertible note facility from a US-based institutional investor (the “Facility”). Of the initial $9 million in committed ...
Trump Media stock surges 25% on merger agreement with nuclear fusion firm TAE Technologies
Yahoo Finance· 2025-12-18 14:32
Core Viewpoint - Trump Media & Technology Group (DJT) is merging with TAE Technologies, a nuclear fusion company, in an all-stock deal valued at over $6 billion, transforming DJT from a social media operator to a clean energy and financial assets entity [1] Group 1: Company Transformation - The merger will significantly change Trump Media's business focus, moving from social media to clean energy and financial assets [1] - DJT shares increased by 25% in early trading following the announcement, although they remain significantly lower year-to-date [1] Group 2: Cryptocurrency Strategy - Trump Media has been developing a cryptocurrency strategy, partnering with Crypto.com to launch a fintech unit called Truth.Fi and introducing crypto-linked exchange-traded funds tied to various cryptocurrencies [2] - The company has built a substantial cryptocurrency balance sheet, holding 11,542 BTC valued at approximately $1.02 billion and investing $105 million in CRO as part of its partnership with Crypto.com [2]
X @Omni Network
Omni Network· 2025-08-21 11:48
Crypto Strategy - Implementing a crypto strategy should be simpler [1]
X @Omni Network
Omni Network· 2025-08-05 11:58
Industry Trend - The crypto industry generally agrees that implementing crypto strategies should be simplified [1]
Prenetics Announces First Quarter 2025 Financial Results, Raises FY2025 Outlook, & Crypto Strategy Announcement Soon
Globenewswire· 2025-06-12 12:30
Core Insights - Prenetics Global Limited reported a strong financial performance for Q1 2025, with revenue increasing by 336.5% year-over-year to $14.4 million, excluding ACT Genomics [3][7] - The company raised its full-year revenue outlook from $73 - $85 million to $80 - $100 million, reflecting accelerating momentum across its business units [4][13] - Prenetics has a robust cash position of $78 million, allowing for continued innovation and strategic initiatives, including a focus on cryptocurrency and Bitcoin adoption [6][12] Financial Highlights - Revenue from continuing operations was $17.3 million in Q1 2025, a 169.9% increase compared to Q1 2024 [7] - Gross profit from continuing operations reached $7.3 million, up 94.1% year-over-year [7] - Adjusted EBITDA loss from continuing operations was $(6.5) million, an increase of 59.4% compared to the previous year [7] Business Updates - The IM8 brand contributed $5.7 million in revenue for Q1 2025, with expectations of approximately $8.5 million in Q2, representing a 50% quarter-over-quarter increase [4][13] - IM8 has over 55,000 customers and has delivered more than 4.9 million servings of its flagship product [11] - The strategic review of ACT Genomics is nearing conclusion, with an announcement regarding ownership stake expected soon [5] Strategic Initiatives - The company is actively pursuing innovative treasury management approaches, including discussions on digital asset opportunities and Bitcoin adoption [6][12] - Prenetics aims to leverage its strong cash position to enhance its competitive positioning in the health tech sector through strategic crypto initiatives [6][12]