IPW’s Stock Gains, BMNR Adds To Ethereum Position While Crypto Equities Tread Water

• iPower disclosed its first Bitcoin and Ethereum purchases under a newly announced digital asset treasury strategy.
• Bitmine Immersion Technologies added another 32,938 Ethereum and staked an additional 118,944 ETH, according to Arkham Intelligence data.
• The overall cryptocurrency market rose around 1.2% in the last 24 hours, still holding above the $3 trillion mark. 

Crypto-linked equities were largely muted in after-hours trading Tuesday, with one clear exception. Shares of iPower Inc. (IPW) climbed after the company disclosed its first purchases of Bitcoin (BTC) and Ethereum (ETH), marking the launch of a new digital asset treasury strategy announced in June.

The clean energy and tech infrastructure company said it acquired 15.1 Bitcoin at an average price of $87,686.33 and 301.1 Ethereum at an average price of $2,934.67. The total investment comes to around $2.21 million, with  Bitcoin accounting for roughly $1.33 million and Ethereum representing about $884,000 of the total.

IPW’s stock rose more than 5% in after-hours trade, offsetting a 5.49% decline during the regular session. On Stocktwits, retail sentiment around the company remained in ‘bearish’ territory over the past day amid ‘extremely low’ levels of chatter.

iPower Launches Digital Asset Treasury Strategy

The acquisition marks iPower’s formal entry into holding cryptocurrencies as part of its balance sheet. Corporate adoption of digital asset treasury strategies has expanded beyond Bitcoin-only approaches in recent quarters, with a growing number of firms opting to hold Ethereum alongside BTC.

The company did not disclose whether additional purchases are planned or how the assets will be managed long term.

BMNR Continues To Load Up On Ethereum

According to data on Arkham Intelligence, spotted by Lookonchain, Tom Lee’s Bitmine Immersion Technologies (BMNR) bought another 32,938 Ethereum and staked another 118,944 ETH on Tuesday night.

BMNR’s stock rose 0.29% in after-hours trade after dropping nearly 2.9% in regular trading. Retail sentiment on Stocktwits around the company remained in ‘bearish’ territory even as chatter rose to ‘normal’ from ‘low’ levels.

This comes on the heels of BMNR announcing its total Ethereum (ETH) holdings had reached 4.11 million tokens after adding over 44,000 ETH over the past week. BMNR also disclosed it has staked 408,627 ETH, locking up tokens to validate transactions and earn rewards. The firm expects to launch its Made in America Validator Network staking platform in early 2026 and urged shareholders to vote ahead of its January 15 annual meeting in Las Vegas.

Broader Markets Hold Steady

The overall cryptocurrency market rose around 1.2% in the last 24 hours, still holding above the $3 trillion mark. Liquidations across the market were relatively contained at $142 million, according to CoinGlass data. Bitcoin’s price rose 2.1% in the last 24 hours to around $88,700, with retail sentiment on Stocktwits trending in ‘bearish’ territory over the past day amid ‘normal’ levels of chatter.

On the equities side, the SPDR S&P 500 ETF Trust (SPY) fell 0.17% after-hours after closing the day with a 0.12% loss, the SPDR Dow Jones Industrial Average ETF (DIA) edged 0.08% lower after closing 0.21% in the red, and the Nasdaq-100 tracking Invesco QQQ Trust (QQQ) was slipped 0.24% after a loss of 0.23% in regular trading. On Stocktwits, retail sentiment around QQQ remained in ‘bullish’ territory, but chatter rose to ‘normal’ from ‘low’ levels over the past day.

Read also: Nike Stock Rises After Hours As CEO Elliott Hill Joins Tim Cook in Insider Buying

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