- Canadian blockchain agency Neptune Digital Sources announced it bought 20 BTC payment practically $2 million
- The firm also bought Dogecoin, scooping the meme coin on December 27, 2024, at the moderate note of $0.37 per DOGE
Neptune Digital Sources, a Canada-basically basically based blockchain agency, has announced it added 20 Bitcoin to its holdings.
The publicly-traded firm, whose operations consist of Bitcoin mining, staking, and blockchain nodes, published it bought the 20 BTC as it expanded its Bitcoin technique between January 26 and February 3, 2025.
Neptune also buys Dogecoin
Primarily based on a press initiate, Neptune scooped the BTC at the moderate note of $ninety nine,833 per coin. This map the firm spent in the case of $2 million to purchase more of the flagship digital asset. Neptune’s complete BTC holdings rose to 376 BTC with this purchase.
Neptune is one of over 60 public firms that can presumably protest debt and squawk the proceeds to purchase BTC. The splendid hodler among these is US-listed MicroStrategy.
Proud to be on this record 💪🏼 https://t.co/U2L2nSHbU0
— Neptune (@NeptuneDAC) November 30, 2024
Dogecoin is the more than a few cryptocurrency to attract the blockchain agency. Per the announcement on February 4, the firm bought 1,000,000 DOGE on December 27, 2024 at the moderate note of $0.37 per token. Neptune said it bought the meme coin by map of a “strategic derivative purchase.”
“As said in previous files releases, Neptune will most likely be purchasing additional sources, leveraging our enhanced purchasing energy by map of the Sygnum credit line,” said Cale Moodie, Neptune’s CEO, in an announcement. “With a sturdy focal point on BTC, these initial acquisitions demonstrate Neptune’s dedication to its increase technique whereas meticulously managing leverage anguish and debt ranges.”
Both Bitcoin and Dogecoin comprise experienced exciting volatility in the previous few days, with BTC and DOGE plummeting on Monday amid tariffs-driven sell-off all the map by map of anguish sources.
BTC fell to lows of $92k earlier than bouncing to retest resistance above the psychological $100k stage. At verbalize, the benchmark asset trades glowing above $ninety nine,400.
Meanwhile, DOGE slumped to below $0.22 and currently hovers in the case of $0.27.
