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14:25
iPower secures $30 million financing agreement and launches crypto treasury strategy
BlockBeats News, December 23, according to Globenewswire, US-listed company iPower (IPW) announced that it has reached a $30 million convertible note financing agreement to launch its Digital Asset Treasury (DAT) strategy. Of the initial committed $9 million in funds, approximately $4.4 million is expected to be used to purchase bitcoin and ethereum.
14:22
Nasdaq-listed company iPower enters into $30 million convertible note financing agreement to launch DAT strategy
PANews, December 23 – According to Globenewswire, Nasdaq-listed e-commerce and supply chain platform iPower has announced a $30 million convertible note financing agreement to launch its Digital Asset Treasury (DAT) strategy. The company disclosed that the first phase of this financing will invest $9 million, of which $4.4 million is intended for the purchase of bitcoin and ethereum. The remaining funds will be used to increase working capital and strengthen the balance sheet, with 80% of subsequent funds to be used for continued acquisition of digital assets. Previously, iPower announced in June this year that it would strategically shift towards crypto finance and blockchain infrastructure services.
14:20
Architect Financial Technologies completes $35 million financing
BlockBeats News, December 23, according to TheInformation, Architect Financial Technologies, founded by former FTX US president Brett Harrison, has completed a $35 million funding round, with a valuation of approximately $187 million. Architect Financial Technologies is a US-based fintech company established in January 2023 and headquartered in Chicago, focusing on providing institutional investors with trading technology and brokerage services for global futures, options, traditional assets, and digital asset markets.
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