- Canadian blockchain firm Neptune Digital Assets announced it purchased 20 BTC worth almost $2 million.
- The company also bought Dogecoin, scooping the meme coin on December 27, 2024 at the average price of $0.37 per DOGE.
Neptune Digital Assets, a Canada-based blockchain firm, has expanded its holdings by adding 20 Bitcoin (BTC) to its portfolio.
The publicly-traded company, known for its Bitcoin mining, staking, and blockchain nodes operations, revealed the acquisition of 20 BTC as part of its Bitcoin strategy expansion between January 26 and Feb. 3, 2025.
Neptune’s Acquisition of Dogecoin
Neptune purchased the BTC at an average price of $99,833 per coin, totaling nearly $2 million in investment. This transaction increased Neptune’s total BTC holdings to 376 BTC.
Neptune is among the 60+ public companies authorized to issue debt for BTC purchases, with MicroStrategy being the largest holder among them.
Proud to be on this list 💪🏼 https://t.co/U2L2nSHbU0
— Neptune (@NeptuneDAC) November 30, 2024
Neptune also acquired 1 million DOGE on December 27, 2024, at an average price of $0.37 per token. The company made the purchase through a strategic derivative transaction.
Neptune’s CEO, Cale Moodie, emphasized the company’s growth strategy and risk management in asset acquisitions.
Both Bitcoin and Dogecoin have witnessed significant price fluctuations recently, with BTC hovering around $99,400 and DOGE near $0.27.