IPWvsCOIN

iPower vs Coinbase

Side-by-side crypto treasury comparison across tokens: IPW (Ethereum) vs COIN (Bitcoin). USD market value is directly comparable; token-native amounts are shown for context. Numbers refresh every 5 minutes.

Mixed-token comparison. IPW holds Ethereum, COIN holds Bitcoin — token-native amounts are shown side-by-side for context, but USD market value is the only directly comparable metric.
Metric
IPW
COIN
Holdings (ETH / BTC)
301 ETH
14,548 BTC
Market value of treasury
$694.5K
$1.1B
Average cost per token
$2,935.00
$66,004.31
Total cost basis
$883.6K
$1.0B
mNAV (market cap ÷ token value)
1.40×
37.47×
Last disclosed purchase
2/12/2026
Country
🇺🇸 US
🇺🇸 US
IPW· recent ETH purchases
No tracked purchases yet
COIN· recent BTC purchases
  • 2/12/2026+841 BTC$75.0M
  • 10/30/2025+2,682 BTC$300.0M
  • 7/30/2025+2,509 BTC$222.0M
  • 5/9/2025+267 BTC$25.4M
  • 12/31/2022+1,127 BTC$23.7M

IPW vs COIN: frequently asked

Which company has a larger crypto treasury by USD value, IPW or COIN?

IPW (Ethereum) holds 301 ETH worth $694.5K. COIN (Bitcoin) holds 14,548 BTC worth $1.1B. COIN has the larger USD-value treasury — roughly 1639.3× larger.

Can you compare IPW's ETH holdings directly to COIN's BTC holdings?

Not in token-native amounts — IPW holds Ethereum and COIN holds Bitcoin, so "301 ETH" and "14,548 BTC" measure different assets. The honest comparison is USD market value: $694.5K vs $1.1B at current prices.

What's IPW's cost basis per ETH, and COIN's per BTC?

IPW's average cost is $2,935.00 per ETH. COIN's is $66,004.31 per BTC. These aren't directly comparable across tokens — each is the company's average against its own asset.

When did IPW last buy Ethereum?

IPW's last ETH purchase isn't in our tracked history yet.

When did COIN last buy Bitcoin?

COIN disclosed a 841 BTC purchase on February 12, 2026.