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iPower Inc. (IPW) announced plans to develop a digital asset strategy that includes treasury operations, consumer products, and e-commerce platform integration, according to a company statement.
The Rancho Cucamonga, California-based e-commerce company said it plans to allocate capital toward acquiring digital assets as reserve holdings when resources become available. The company intends to deploy these assets into institutional lending structures to generate yield while preserving principal.
"We believe the future of commerce will be deeply integrated with digital assets," said Lawrence Tan, CEO of iPower Inc.
iPower outlined consumer-focused digital asset offerings planned for development, including cloud mining resale services, hardware wallet distribution through its fulfillment network, and crypto financial product referrals through regulated partners.
The company said it is developing a commercial software-as-a-service platform for cross-border e-commerce and evaluating stablecoin infrastructure for international settlement processes.
iPower operates as a data and technology-driven e-commerce retailer with fulfillment capabilities, warehouse networks, and delivery partnerships. The company serves customers in the United States and other countries through online channels.
The announcement included forward-looking statements noting risks associated with the digital asset strategy, including market volatility, regulatory compliance requirements, operational and cybersecurity risks, and potential reputational impacts.