iPower Inc. Executes Initial Digital Asset Acquisitions Worth $2.21 Million
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 29 2025
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Should l Buy IPW?
Source: Newsfilter
- Initial Digital Asset Acquisition: iPower has completed its first acquisition under its Digital Asset Treasury strategy by purchasing 15.1 Bitcoin for approximately $1.33 million, marking a significant milestone in the company's entry into digital assets.
- Ethereum Investment: On the same day, iPower acquired 301.1 Ethereum at an average price of $2,934.67 each, totaling around $883,600, which diversifies its digital asset portfolio and enhances potential returns.
- Strategic Execution: CEO Lawrence Tan emphasized that these purchases reflect a disciplined approach to building digital asset exposure, supported by defined custody and control arrangements, which is crucial for risk management.
- Future Plans: iPower intends to continue evaluating additional digital asset purchases based on market conditions and capital availability, demonstrating its long-term strategic commitment to digital assets and blockchain integration.
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About IPW
iPower, Inc. is a tech and data-driven online retailer, as well as a provider of value-added ecommerce services for third-party products and brands. The Company's capabilities include a full spectrum of online channels, fulfilment capacity, a network of warehouses serving the United States, last mile delivery partners, and a business intelligence platform. It moves a diverse catalogue of stock-keeping units (SKUs) from its supply chain partners to end consumers. It is engaged in developing in-house branded products and through supply chain partners, which include iPower, Simple Deluxe, and other brands and consist of products, such as home goods, fans, pet products, gardening and consumer electronics, among others. It sells hydroponic gardening products that end users may purchase for use in a variety of industries or segments, including the growing of cannabis and hemp. It has established its own in-house branded products as well as third-party brands from supply chain partners.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Financial Performance: iPower's Q2 GAAP EPS stood at -$1.08 with revenue of $7.1 million; despite the revenue decline, gross profit was $3.1 million and gross margin remained stable at 44.0%, indicating that the core economics of the company's supply chain platform are intact.
- Operating Expense Reduction: Total operating expenses decreased to $5.6 million, down 28% year-over-year, driven by personnel reductions, tighter expense controls, and operational efficiencies implemented during the supply chain restructuring, showcasing significant progress in cost management.
- Debt Management: iPower continued to reduce traditional borrowings, with short-term debt declining from $3.7 million as of June 30, 2025, to $2.6 million as of December 31, 2025, reflecting the company's commitment to financial stability.
- Cash Flow Position: As of December 31, 2025, the company reported $2.0 million in cash and cash equivalents, $2.2 million in restricted cash, and approximately $2.2 million in digital assets, with total debt around $8.4 million, including $5.8 million in convertible notes, indicating a cautious approach to liquidity management.
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- Revenue Decline: iPower reported $7.1 million in revenue for Q2 2026, a decrease from the previous year, primarily due to the company's proactive supply chain restructuring and shift to predominantly U.S.-based sourcing, which impacted sales volume and available inventory.
- Stable Gross Profit: Despite the revenue decline, iPower achieved a gross profit of $3.1 million with a gross margin of 44.0%, indicating that the core economic model remains robust during the transition period, which is expected to enhance long-term gross margin durability.
- Significant Operating Expense Reduction: Total operating expenses decreased by 28% year-over-year to $5.6 million, driven by personnel reductions and tighter expense controls, which will help lower future operating costs significantly.
- Strategic Investment and Buyback Plan: In February 2026, iPower authorized a $2 million share repurchase program, reflecting management's confidence in the company's financial position, while the divestiture of Global Product Marketing Inc. reduced a major operating cost center, further optimizing the financial structure.
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- First Share Repurchase Program: iPower Inc. announced the approval of a share repurchase program of up to $2 million, marking the first in the company's history and reflecting confidence in its financial position and strategic direction.
- Capital Structure Optimization: The repurchase program, combined with new capital and recent cost-structure improvements, provides iPower with greater flexibility in capital allocation, thereby supporting its operating priorities and previously announced strategic initiatives.
- Market Performance: Currently, iPower's stock is trading at $4.2301 on Nasdaq, down 0.69% from the previous trading day, indicating the market's initial reaction to the repurchase program.
- Strategic Implications: By implementing the repurchase program, iPower not only enhances shareholder value but also supports future capital operations, demonstrating the company's proactive strategy in the current market environment.
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- First Repurchase Program: iPower has approved its first-ever share repurchase program of up to $2 million, reflecting alignment in its capital structure and confidence in its financial position, which is expected to create long-term value for shareholders.
- Creditor Support: The repurchase program has received unified support from all creditors, marking a significant milestone in strengthening the company's balance sheet and enhancing market trust in its strategic direction.
- Increased Capital Flexibility: With the combination of new capital and cost-structure improvements, iPower now has greater flexibility in capital allocation, which will help support its operational priorities and the implementation of strategic initiatives.
- Digital Asset Strategy: As a technology-driven supply chain and infrastructure provider, iPower is executing a broader crypto strategy through compliant infrastructure and licensed partners, further expanding its influence in the digital asset space.
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- Cost Reduction: iPower has eliminated a major operating cost center by selling its subsidiary Global Product Marketing Inc., receiving approximately $2.3 million, which significantly reduces operating expenses and improves the company's cost structure.
- Asset Base Enhancement: The transaction increases iPower's asset base by about $2.3 million while retaining its core supply chain, procurement, and fulfillment platform, ensuring future supply chain revenue opportunities with potential contribution margins of up to 15%.
- Increased Strategic Flexibility: Following the restructuring, iPower expects to operate with lower costs and improved efficiency, enhancing strategic flexibility to better evaluate future growth opportunities aligned with its core competencies.
- Support for Digital Asset Strategy: The improved cost structure and enhanced balance sheet position iPower to prudently evaluate and support its digital asset initiatives, emphasizing that these efforts will complement rather than replace its core operational focus.
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- iPower Stock Surge: iPower's shares rose 3.5% in after-hours trading, despite retail sentiment remaining in 'bearish' territory, as users on Stocktwits forecast a potential short squeeze, indicating market interest in its future performance.
- Bullish Attracts Investor Attention: Bullish's stock gained 2.3% after Cathie Wood's Ark Invest purchased over 85,700 shares, with retail sentiment shifting from 'neutral' to 'bullish', reflecting investor optimism about its prospects.
- Overall Crypto Market Recovery: The broader cryptocurrency market edged up 0.8%, maintaining a market cap above $3.1 trillion, driven by approximately $300 million in liquidations, highlighting market volatility and cautious investor sentiment.
- Coinbase Receives Neutral Rating: Coinbase's stock increased by 0.29% in after-hours trading after Baird initiated coverage with a neutral rating and a price target of $240, suggesting a potential upside of nearly 14%, while retail sentiment remained 'bullish', indicating market expectations for future growth.
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