{"id":11315,"date":"2025-02-04T16:46:55","date_gmt":"2025-02-04T16:46:55","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=11315"},"modified":"2025-02-04T16:46:55","modified_gmt":"2025-02-04T16:46:55","slug":"blockchain-firm-neptune-digital-assets-adds-doge-to-its-bitcoin-accumulation-strategy","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=11315","title":{"rendered":"Blockchain Firm Neptune Digital Assets Adds DOGE to Its Bitcoin Accumulation Strategy"},"content":{"rendered":"<div>\n<p>Blockchain firm Neptune Digital Assets (NDA) <a href=\"https:\/\/neptunedigitalassets.com\/neptune-expands-bitcoin-treasury-by-20-btc\/\" target=\"_blank\">said it bought<\/a> 1 million dogecoin (DOGE) tokens through what the company said was a \u201cstrategic derivative purchase\u201d on Dec. 27.<\/p>\n<p>The Vancouver, Canada-based company, which focuses on cryptocurrency and blockchain infrastructure, is down significantly on the investment. The memecoin has dropped 27% to 27 cents since the purchase. <\/p>\n<p>Neptune Digital Assets also acquired 20 bitcoin (BTC) at an average price of $99,833 per coin, bringing its total BTC holdings to 376 coins worth $37.2 million.<\/p>\n<p>While many companies have made buying bitcoin a strategic objection, Neptune is only the second publicly traded firm to invest in the meme-inspired DOGE. The first, Spirit Blockchain (SPIR), announced in November that it <a href=\"https:\/\/www.globenewswire.com\/news-release\/2024\/11\/22\/2986043\/0\/en\/Spirit-Blockchain-Acquires-Dogecoin-Portfolio-Holding-Corp-Paving-the-Way-for-Expanded-Ecosystem-Utility-as-the-first-public-proxy-and-for-Future-Adoption.html?utm_source=chatgpt.com\" target=\"_blank\">acquired<\/a> Dogecoin Portfolio Holding in a move that made it a major participant in the DOGE ecosystem.<\/p>\n<p>\u201cNeptune will be acquiring additional assets, leveraging our enhanced purchasing power through the Sygnum credit line,\u201d CEO Cale Moodie said in the statement. \u201cWith 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<\/p>\n<p>The announcement comes just a week after major asset manager <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/01\/28\/bitwise-files-to-launch-dogecoin-etf\" target=\"_blank\">Bitwise filed an S-1 document <\/a>with the Securities and Exchange Commission for an exchange-traded fund tied to the price of DOGE.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Blockchain firm Neptune Digital Assets (NDA) said it bought 1 million dogecoin (DOGE) tokens through what the company said was a \u201cstrategic derivative purchase\u201d on Dec. 27. The Vancouver, Canada-based company, which focuses on cryptocurrency and blockchain infrastructure, is down significantly on the investment. The memecoin has dropped 27% to 27 cents since the purchase. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-11315","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/11315","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11315"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/11315\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11315"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11315"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11315"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}