Canadian blockchain firm Neptune Digital Assets announced it purchased 20 BTC worth almost $2 million.
\nThe company also bought Dogecoin, scooping the meme coin on December 27, 2024 at the average price of $0.37 per DOGE.<\/p>\n
Neptune Digital Assets, a Canada-based blockchain firm, has announced it added 20 Bitcoin (BTC) to its holdings.<\/p>\n
The publicly-traded company, whose operations include Bitcoin mining, staking and blockchain nodes, revealed it acquired the 20 BTC as it expanded its Bitcoin<\/a> strategy between January 26 and Feb. 3, 2025.<\/p>\n According to a press release<\/a>, Neptune scooped the BTC at the average price of $99,833 per coin. This means the company spent nearly $2 million to buy more of the flagship digital asset. Neptune\u2019s total BTC holdings rose to 376 BTC with this purchase.<\/p>\n Neptune is one of over 60 public companies that can issue debt and use the proceeds to buy BTC. The biggest hodler among these is US-listed MicroStrategy.<\/p>\n Proud to be on this list \ud83d\udcaa\ud83c\udffc https:\/\/t.co\/U2L2nSHbU0<\/a><\/p>\n \u2014 Neptune (@NeptuneDAC) November 30, 2024<\/a><\/p>\n\n Dogecoin<\/a> is the other cryptocurrency to attract the blockchain firm. Per the announcement on Feb 4, the company acquired 1 million DOGE on December 27, 2024 at the average price of $0.37 per token. Neptune said it bought the meme coin via a \u201cstrategic derivative purchase.\u201d<\/p>\n \u201cAs stated in previous news releases, Neptune will be acquiring additional assets, leveraging our enhanced purchasing power through the Sygnum credit line. With a strong focus on BTC, these initial acquisitions show Neptune\u2019s commitment to its growth strategy while meticulously managing leverage risk and debt levels,\u201d Cale Moodie, Neptune\u2019s chief executive officer, said in a statement.<\/p>\n Both Bitcoin and Dogecoin have experienced sharp volatility in the past few days, with BTC and DOGE plummeting on Monday amid tariffs-driven sell-off across risk assets.<\/p>\n BTC fell to lows of $92k<\/a> before bouncing to retest resistance above the psychological $100k level. Currently, the benchmark asset trades just above $99,400.<\/p>\n Meanwhile, DOGE slumped to below $0.22 and currently hovers near $0.27.<\/p>\n The post Neptune adds 20 BTC to Bitcoin strategy, also buys 1m DOGE<\/a> appeared first on CoinJournal<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" 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 announced it added 20 Bitcoin (BTC) to its holdings. The publicly-traded […]<\/p>\n","protected":false},"author":0,"featured_media":2439,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-2438","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin"],"acf":[],"_links":{"self":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/2438","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/comments?post=2438"}],"version-history":[{"count":0,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/2438\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media\/2439"}],"wp:attachment":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media?parent=2438"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/categories?post=2438"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/tags?post=2438"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Neptune also buys Dogecoin<\/h2>\n