{"id":46651,"date":"2025-02-04T19:16:15","date_gmt":"2025-02-04T19:16:15","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/neptune-adds-20-btc-to-bitcoin-strategy-also-buys-1m-doge\/"},"modified":"2025-02-04T19:16:15","modified_gmt":"2025-02-04T19:16:15","slug":"neptune-adds-20-btc-to-bitcoin-strategy-also-buys-1m-doge","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/neptune-adds-20-btc-to-bitcoin-strategy-also-buys-1m-doge\/","title":{"rendered":"Neptune adds 20 BTC to Bitcoin strategy, also buys 1m DOGE"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/05\/bitcoin-btc-coins-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/05\/bitcoin-btc-coins-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/05\/bitcoin-btc-coins-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/05\/bitcoin-btc-coins-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>Canadian blockchain firm Neptune Digital Assets announced it purchased 20 BTC worth almost $2 million.<\/li>\n<li>The company also bought Dogecoin, scooping the meme coin on December 27, 2024 at the average price of $0.37 per DOGE.<\/li>\n<\/ul>\n<p>Neptune Digital Assets, a Canada-based blockchain firm, has announced it added 20 Bitcoin (BTC) to its holdings.<\/p>\n<p>The publicly-traded company, whose operations include Bitcoin mining, staking and blockchain nodes, revealed it acquired the 20 BTC as it expanded its <a href=\"https:\/\/coinjournal.net\/news\/tag\/bitcoin\/\">Bitcoin<\/a> strategy between January 26 and Feb. 3, 2025.<\/p>\n<h2>Neptune also buys Dogecoin<\/h2>\n<p>According to a <a href=\"https:\/\/neptunedigitalassets.com\/neptune-expands-bitcoin-treasury-by-20-btc\/\" target=\"_blank\" rel=\"noopener\">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<p>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<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Proud to be on this list \ud83d\udcaa\ud83c\udffc <a href=\"https:\/\/t.co\/U2L2nSHbU0\">https:\/\/t.co\/U2L2nSHbU0<\/a><\/p>\n<p>\u2014 Neptune (@NeptuneDAC) <a href=\"https:\/\/twitter.com\/NeptuneDAC\/status\/1863002144267448497?ref_src=twsrc%5Etfw\">November 30, 2024<\/a><\/p>\n<\/blockquote>\n<p><a href=\"https:\/\/coinjournal.net\/news\/tag\/dogecoin\/\">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<p>\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<p>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<p>BTC fell to <a href=\"https:\/\/coinjournal.net\/news\/bitcoin-tumbles-to-92k-as-geopolitical-headwinds-roil-markets\/\">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<p>Meanwhile, DOGE slumped to below $0.22 and currently hovers near $0.27.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/neptune-adds-20-btc-to-bitcoin-strategy-also-buys-1m-doge\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) 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 [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":46652,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/46651"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=46651"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/46651\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/46652"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=46651"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=46651"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=46651"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}