Key Points
- Neptune Digital Assets Corp. has acquired 20 more Bitcoin and 1 million Dogecoin.
- The Canadian blockchain company’s total Bitcoin holdings now stand at 376 BTC.
Neptune Digital Assets Corp., a prominent blockchain company in Canada, has recently expanded its cryptocurrency assets with the purchase of 20 additional Bitcoin and 1 million Dogecoin.
Bitcoin and Dogecoin Acquisition
The acquisition of Bitcoin was executed at an average cost of $99,833 per Bitcoin, amounting to roughly $2 million USD. This purchase, carried out between January 26 and February 3, 2025, has boosted Neptune’s overall Bitcoin holdings to 376 Bitcoin.
Furthermore, Neptune has diversified its cryptocurrency assets by procuring 1,000,000 Dogecoin tokens through a strategic derivative purchase on December 27, 2024, at an average price of $0.37 USD per Dogecoin.
Neptune’s Strategy
Cale Moodie, Neptune’s CEO, highlighted the company’s long-term strategy, stating that the initial acquisitions demonstrate Neptune’s dedication to its growth plan while carefully managing leverage risk and debt levels.
Neptune’s recent acquisitions align with the company’s ongoing efforts to boost its Bitcoin holdings through direct acquisition, derivative trading, converting staking rewards into Bitcoin, and Bitcoin mining.
In addition to accumulating digital assets, Neptune invests in and collaborates with innovative technology projects across various fields such as digital assets, fintech, and space exploration.
Neptune Digital Assets Corp. is a pioneer in the blockchain industry in Canada and a market leader in digital assets. The company constructs, owns, and operates infrastructure that supports the digital currency ecosystem in Canada, including Bitcoin mining, proof-of-stake mining, blockchain nodes, and decentralized finance.
Neptune’s recent acquisitions mirror those made by other corporations like Microstrategy and Genius Group, which have gained prominence in the crypto space by incorporating Bitcoin into their financial strategies.