RANCHO CUCAMONGA, Calif. — iPower Inc. (NASDAQ:IPW) has secured a $30 million convertible note financing facility from U.S.-based institutional investors to launch its Digital Asset Treasury strategy, the company announced Tuesday. This financing is substantial for a micro-cap company, which currently has a market capitalization of just $12.39 million. According to InvestingPro data, iPower appears undervalued based on Fair Value analysis, with the stock recently showing strong momentum, rising more than 20% in the past week despite a 52% year-to-date decline. The e-commerce retailer will use approximately $4.4 million of its initial $9 million commitment to establish a Digital Asset Treasury holding Bitcoin and Ethereum. The remaining funds will be used to repay existing short-term loans and provide working capital. For the next round of funding, approximately 80% of the funds will be earmarked for digital asset acquisitions, according to a company statement.