CoinVoice has recently learned that, according to Globenewswire, the Nasdaq-listed e-commerce and supply chain platform iPower has announced that it has reached a $30 million convertible note financing agreement to launch its Digital Asset Treasury (DAT) strategy. The company disclosed that the initial phase of this financing will invest $9 million, of which $4.4 million is intended for the purchase of Bitcoin and Ethereum, while the other funds will increase working capital to enhance the balance sheet. 80% of the subsequent funding will be used for ongoing acquisitions of digital assets.

It is reported that iPower announced its strategic shift to crypto finance and blockchain infrastructure services in June of this year.[Original link]