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iPower Secures $30M to Expand into Crypto, Targets Bitcoin and Ethereum

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iPower Inc. has closed a $30M convertible note deal to boost its Digital Asset Treasury strategy, with $9M allocated for Bitcoin and Ethereum. The firm aims to drive real-world adoption in e-commerce. CEO Lawrence Tan stressed economic utility over speculation. Market response is muted, with no sharp moves in liquidity and crypto markets. The timing raises questions about bitcoin ETF approval prospects.
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