- Canadian blockchain agency Neptune Digital Belongings introduced it bought 20 BTC value nearly $2 million.
- The corporate additionally purchased Dogecoin, scooping the meme coin on December 27, 2024 on the common worth of $0.37 per DOGE.
Neptune Digital Belongings, a Canada-based blockchain agency, has introduced it added 20 Bitcoin (BTC) to its holdings.
The publicly-traded firm, whose operations embody Bitcoin mining, staking and blockchain nodes, revealed it acquired the 20 BTC because it expanded its Bitcoin technique between January 26 and Feb. 3, 2025.
Neptune additionally buys Dogecoin
In accordance with a press release, Neptune scooped the BTC on the common worth of $99,833 per coin. This implies the corporate spent practically $2 million to purchase extra of the flagship digital asset. Neptune’s complete BTC holdings rose to 376 BTC with this buy.
Neptune is one in every of over 60 public corporations that may situation debt and use the proceeds to purchase BTC. The most important hodler amongst these is US-listed MicroStrategy.
Proud to be on this checklist 💪🏼 https://t.co/U2L2nSHbU0
— Neptune (@NeptuneDAC) November 30, 2024
Dogecoin is the opposite cryptocurrency to draw the blockchain agency. Per the announcement on Feb 4, the corporate acquired 1 million DOGE on December 27, 2024 on the common worth of $0.37 per token. Neptune stated it purchased the meme coin by way of a “strategic by-product buy.”
“As said in earlier information releases, Neptune will probably be buying further property, leveraging our enhanced buying energy by the Sygnum credit score line. With a powerful give attention to BTC, these preliminary acquisitions present Neptune’s dedication to its development technique whereas meticulously managing leverage threat and debt ranges,” Cale Moodie, Neptune’s chief government officer, stated in a press release.
Each Bitcoin and Dogecoin have skilled sharp volatility previously few days, with BTC and DOGE plummeting on Monday amid tariffs-driven sell-off throughout threat property.
BTC fell to lows of $92k earlier than bouncing to retest resistance above the psychological $100k stage. At the moment, the benchmark asset trades simply above $99,400.
In the meantime, DOGE slumped to beneath $0.22 and at the moment hovers close to $0.27.