CoinDesk

Feb 4, 2025

10 1

Neptune Digital Assets Purchases 1 Million DOGE Tokens and 20 BTC

Neptune Digital Assets (NDA) acquired 1 million Dogecoin (DOGE) tokens through a strategic derivative purchase on December 27. Since the purchase, DOGE has declined by 27% to $0.27.

The firm also purchased 20 Bitcoin (BTC) at an average price of $99,833 each, increasing its total BTC holdings to 376 coins valued at $37.2 million.

Neptune is the second publicly traded company to invest in DOGE, following Spirit Blockchain (SPIR), which acquired Dogecoin Portfolio Holding in November.

CEO Cale Moodie stated that Neptune plans to acquire additional assets using their enhanced purchasing power via a credit line from Sygnum. This strategy emphasizes a commitment to growth while managing leverage risk.

This announcement follows Bitwise's recent filing for an exchange-traded fund linked to DOGE with the SEC.