**iPower Strengthens Cryptocurrency Fund with $30 Million Bond Package from Nasdaq**

iPower has announced the completion of a $30 million convertible bond financing round, marking a significant step in its strategic shift towards blockchain financial services. Supported by investors, the company will initiate the first phase with $9 million, of which $4.4 million will be directly allocated to accumulate Bitcoin and Ethereum—two of the largest cryptocurrencies by market capitalization.

**Capital Allocation and Expansion Plans**

The remaining portion of the initial $9 million will be used to enhance working capital and support business operations. Notably, the company has committed that 80% of future cash flows will be directed toward expanding its cryptocurrency asset portfolio, demonstrating a long-term commitment to its new strategic direction.

**Strategic Transition Context**

This move is not accidental but part of a comprehensive plan announced by iPower in June, when the company officially declared a complete shift to digital asset financial services and blockchain technology. By developing its own token, the company aims to diversify its asset structure and open new growth opportunities during the evolving cryptocurrency market period.