BitGo Announces Custody and Transaction Support for iPower’s Digital Asset Treasury

BitGo Holdings Inc. (“BitGo”), the digital asset infrastructure company, announced that it supported iPower Inc. in the execution and custody of its digital asset treasury transactions.

iPower completed purchases of Bitcoin (BTC) and Ethereum (ETH) through an account maintained at BitGo Bank & Trust, National Association (“BitGo Bank & Trust”). The transactions were executed using BitGo Prime’s over-the-counter (OTC) trading services, enabling iPower to access institutional liquidity and discreet execution while leveraging BitGo’s custody platform for the long-term storage of its digital assets.

“Corporate treasury participation in digital assets requires strong security, governance, and operational rigor,” said Mike Belshe, CEO and Co-founder of BitGo. “BitGo provides infrastructure that supports these requirements across custody and transaction execution.”

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“As we evaluated our approach to digital asset treasury activity, we focused on governance, security and operational discipline. We believe BitGo’s infrastructure provides a framework aligned with our internal controls for purposes of supporting the execution and custody of these transactions,” said Lawrence Tan, CEO of iPower.

BitGo’s platform supports institutional digital asset activity, offering custody solutions with multi-signature security, policy controls, and operational workflows used by corporate treasuries, asset managers, and other institutional participants.

BitGo is the digital asset infrastructure company, delivering custody, wallets, staking, trading, financing, and settlement services from regulated cold storage. Since our founding in 2013, BitGo has been focused on accelerating the transition of the financial system to a digital asset economy. With a global presence and multiple regulated entities, BitGo serves thousands of institutions, including many of the industry’s top brands, exchanges, and platforms, and over a million investors worldwide.

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iPower Inc. (Nasdaq: IPW) is a technology- and data-driven online retailer and a provider of value-added e-commerce services for third-party products and brands. iPower operates a nationwide fulfillment network and is expanding infrastructure across software, logistics, and manufacturing, with an aim to also pursue initiatives in digital assets and blockchain integration.

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