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
16,949 BTC
Market value of treasury
$563.0K
$1.1B
Average cost per token
$2,967.00
$98,950.50
Total cost basis
$893.4K
$1.7B
mNAV (market cap ÷ token value)
1.42×
38.26×
Last disclosed purchase
May 20, 2026
May 7, 2026
Country
- May 20, 2026+0 ETH$883.6K
- Dec 31, 2025+0 ETH$893.4K
- Dec 31, 2025+301 ETH$536.4K
- May 7, 2026+1,073 BTC$85.8M
IPW vs COIN: frequently asked
Which company has a larger crypto treasury by USD value, IPW or COIN?▾
IPW (Ethereum) holds 301 ETH worth $563.0K. COIN (Bitcoin) holds 16,949 BTC worth $1.1B. COIN has the larger USD-value treasury — roughly 1925.0× 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 "16,949 BTC" measure different assets. The honest comparison is USD market value: $563.0K vs $1.1B at current prices.
What's IPW's cost basis per ETH, and COIN's per BTC?▾
IPW's average cost is $2,967.00 per ETH. COIN's is $98,950.50 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 disclosed a 0 ETH purchase on May 20, 2026.
When did COIN last buy Bitcoin?▾
COIN disclosed a 1,073 BTC purchase on May 7, 2026.