Neptune Digital Assets Expands Portfolio with DOGE and Bitcoin Acquisitions

Neptune Digital Assets (NDA), a blockchain infrastructure firm headquartered in Vancouver, has made a strategic move by acquiring 1 million dogecoin (DOGE) tokens through a “strategic derivative purchase” on December 27. Despite DOGE’s 27% drop to 27 cents since the acquisition, Neptune remains committed to diversifying its crypto

portfolio.

In addition to the DOGE purchase, Neptune also acquired 20 bitcoin (BTC) at an average price of $99,833 per coin, bringing its total BTC holdings to 376 coins, valued at approximately $37.2 million. This investment highlights the company’s growing commitment to cryptocurrency as part of its long-term strategy.

While the move towards BTC is common among many institutional players, Neptune stands out as the second publicly traded firm to take a position in dogecoin, following Spirit Blockchain (SPIR), which added DOGE to its portfolio in November.

“We plan to continue acquiring assets, leveraging the enhanced purchasing power provided by our Sygnum credit line,” said Cale Moodie, CEO of Neptune Digital Assets. “This approach underscores our focus on Bitcoin while maintaining a careful balance of risk and debt management as we pursue growth.”

This announcement follows Bitwise’s recent filing with the SEC for a DOGE-based exchange-traded fund (ETF), signaling increased institutional interest in the popular memecoin.