Canadian company Neptune Digital Assets Corp. announced the acquisition of 20 Bitcoin and 1,000,000 Dogecoin as part of its strategy to expand its cryptocurrency portfolio.
Recent Bitcoin and Dogecoin Purchases
Neptune Digital Assets purchased 20 Bitcoin at an average price of $99,833 per BTC, totaling approximately $2 million. The acquisition occurred between January 26 and February 3, 2025, increasing the company's total Bitcoin holdings to 376 BTC. In addition, 1,000,000 DOGE were acquired through a strategic derivative purchase on December 27, 2024, at an average price of $0.37 per DOGE.
Company Strategy and Future Plans
CEO Cale Moodie emphasized the company's long-term strategy focusing on Bitcoin while effectively managing leverage risk and debt levels. The company is actively increasing its Bitcoin holdings through direct acquisition, derivative trading, converting staking rewards into BTC, and Bitcoin mining.
Neptune's Role in the Digital World
Neptune Digital Assets is one of Canada's first publicly traded blockchain companies and a leader in digital assets. The company builds, owns, and operates infrastructure supporting the digital currency ecosystem in Canada, including Bitcoin mining, proof-of-stake mining, blockchain nodes, and decentralized finance.
These acquisitions strengthen Neptune Digital Assets' position in the crypto space, demonstrating the company's commitment to staying at the forefront of the digital asset industry.
