Neptune Digital Assets (NDA), a Vancouver-based blockchain firm, purchased 1 million dogecoin (DOGE) tokens on December 27th at an average price of $0.37 per token. This investment has since declined by 27%, with DOGE currently trading at 27 cents.
NDA also acquired 20 bitcoin (BTC) at an average price of $99,833 per coin, increasing its total BTC holdings to 376 coins, valued at $37.2 million.
This move makes Neptune the second publicly traded company to invest in DOGE, following Spirit Blockchain's acquisition of Dogecoin Portfolio Holding in November.
The announcement comes a week after Bitwise filed an S-1 document with the SEC for a DOGE-linked exchange-traded fund.