Neptune Digital Assets Corp. (TSXV: NDA) announced on February 4, 2025, the acquisition of 20 Bitcoin (BTC) at an average price of USD$99,833 per BTC. The purchase, completed between January 26 and February 3, 2025, amounted to approximately USD$2 million, bringing Neptune's total BTC holdings to 376. This acquisition reinforces Neptune's commitment to Bitcoin as a cornerstone asset.
Beyond Bitcoin, Neptune also acquired 1,000,000 Dogecoin (DOGE) tokens through a strategic derivative purchase on December 27, 2024, at an average price of USD$0.37 per DOGE.
Cale Moodie, Neptune's CEO, stated that the company will continue acquiring additional assets, leveraging its enhanced purchasing power through the Sygnum credit line. These acquisitions demonstrate Neptune's commitment to its growth strategy while managing leverage risk and debt levels.