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Stock impact report

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

iPower Inc. (IPW) 
Company Research Source: Business Wire
NEW YORK--(BUSINESS WIRE)--BitGo Holdings Inc. (“BitGo”), the digital asset infrastructure company, today announced that it supported iPower Inc. (Nasdaq: IPW) 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.”“As we evaluated our approach to digital asset treasury activity, we focused on Show less Read more
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