Neptune provides 20 BTC to Bitcoin technique, additionally buys 1m DOGE

• 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 line with a press launch, 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 difficulty debt and use the proceeds to purchase BTC. The largest 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 mentioned it purchased the meme coin through a “strategic by-product buy.”

“As said in earlier information releases, Neptune might be buying further belongings, leveraging our enhanced buying energy via the Sygnum credit score line. With a robust give attention to BTC, these preliminary acquisitions present Neptune’s dedication to its progress technique whereas meticulously managing leverage danger and debt ranges,” Cale Moodie, Neptune’s chief govt officer, mentioned in an announcement.

Each Bitcoin and Dogecoin have skilled sharp volatility up to now few days, with BTC and DOGE plummeting on Monday amid tariffs-driven sell-off throughout danger belongings.

BTC fell to lows of $92k earlier than bouncing to retest resistance above the psychological $100k degree. Presently, the benchmark asset trades simply above $99,400.

In the meantime, DOGE slumped to under $0.22 and at present hovers close to $0.27.