- Neptune acquires 20 BTC for $99,833 each, increasing holdings to 376 BTC worth $37.2M.
- Neptune diversifies, adding 1M DOGE tokens at $0.37 each, valued at $270,000.
- Neptune boosts credit line to $25M, supporting continued crypto acquisitions and growth.
Canadian blockchain company Neptune Digital Assets Corp. has increased its cryptocurrency assets by acquiring 20 Bitcoin (BTC) and 1 million tokens worth of Dogecoin (DOGE). Through this strategic approach, Neptune demonstrates its dedication to strengthening its cryptocurrency investments, focusing on Bitcoin as a core strategic asset while adding various digital currency options.
Bitcoin Acquisition Strengthens Neptune’s Treasury
Neptune Digital Assets made a Bitcoin acquisition of 20 Bitcoin at an average purchase price of USD $99,833 per Bitcoin. The move brings their current Bitcoin holding total to 376 BTC. The company continues to pursue Bitcoin dominance through strategic acquisitions. This makes Bitcoin a vital element of its investment portfolio. The value of Neptune Digital Assets’ Bitcoin holdings reached approximately USD $37.2 million after the acquisition, underscoring its long-term commitment to the leading digital asset.
Between January 26 and February 3, 2025, the company acquired 20 BTC with an investment of approximately USD $2 million. Cale Moodie, the CEO of Neptune, stressed that these acquisitions fit into a strategic blueprint for further cryptocurrency acquisitions. The company intends to utilize its Sygnum credit line to buy more assets, particularly Bitcoin, but will maintain close control of leverage risks and debt maintenance.

Neptune’s Bitcoin reserve strategy matches the growing involvement of public blockchain firms and institutional investors adding substantial Bitcoin holdings to their portfolios. For instance, MicroStrategy and Marathon Digital have adopted similar strategies through regular debt financing. The increasing confidence in Bitcoin has driven this market trend to view it as a long-term store of value.
Diversifying with Dogecoin: A Strategic Move into Altcoins
Neptune Digital Assets’ strategy included acquiring a substantial portion of Bitcoin alongside 1 million Dogecoin (DOGE) tokens. The company purchased the Dogecoin tokens through a strategic derivative financial plan on December 27, 2024, at an average price of USD $0.37 each. This acquisition was estimated to be worth USD $270,000 at the time of purchase.
With this acquisition, Neptune enters the altcoins market, demonstrating its business expansion strategy. The Dogecoin acquisition reflects the institutional interest in memecoins, while Bitcoin remains its main emphasis. The acquisition of Dogecoin by Neptune marks the second major purchase of this cryptocurrency since Spirit Blockchain Company invested in it in November.
The total value of Dogecoin has reached $40 billion while its user base continues expanding steadily. The rising enthusiasm among institutional investors led to proposals for launching spot exchange-traded funds (ETFs) tied to Dogecoin, strengthening its position as an investment option. The acquisition of Dogecoin by Neptune matches the growing institutional involvement in cryptocurrencies moving beyond Bitcoin thus showing signs of the widespread acceptance of digital currencies.
The company bolstered its cryptocurrency market expansion through a USD $25 million increase in its credit line with Sygnum Bank that surpassed its original USD $20 million limit. The extra capital enables the company to sustain its acquisition methods and expand the diversity of its portfolio investments.