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