Neptune Digital Assets Expands Holdings with DOGE, Bitcoin, and Strategic Leverage
Blockchain firm Neptune Digital Assets (NDA), based in Vancouver, has made significant additions to its cryptocurrency portfolio. On December 27, the company acquired 1 million dogecoin (DOGE) tokens through what it described as a “strategic derivative purchase.” The purchase came amid a 27% drop in DOGE’s value, with the token now trading at 27 cents.
In addition to its DOGE acquisition, Neptune also purchased 20 bitcoin (BTC) at an average price of $99,833 each, increasing its total BTC holdings to 376 coins, valued at approximately $37.2 million. While many firms focus exclusively on bitcoin, Neptune is standing out as the second publicly traded company to invest heavily in DOGE. Spirit Blockchain (SPIR) was the first, acquiring a substantial stake in DOGE in November.
“Neptune is committed to diversifying its digital asset holdings while managing risk responsibly,” said CEO Cale Moodie in a company statement. “With access to the Sygnum credit line, we are positioned to continue expanding our portfolio, with a particular focus on BTC while managing leverage and debt exposure carefully.”
This announcement comes as institutional interest in cryptocurrencies grows, with Bitwise recently filing with the SEC for a DOGE-focused exchange-traded fund (ETF), further validating dogecoin as an increasingly mainstream asset.
