Neptune Adds 20 Bitcoin (BTC) and 1 Million Dogecoin (DOGE) to Its Holdings

Neptune Digital Assets, a Canada-based blockchain firm, has announced it added 20 Bitcoin (BTC) to its holdings.

Canada-listed blockchain firm Neptune Digital Assets has added 20 Bitcoin (BTC) to its holdings, press releases on Monday and Friday revealed.

The publicly traded company, whose operations include Bitcoin mining, staking and blockchain nodes, revealed it acquired the 20 BTC as it expands its Bitcoin strategy. The BTC was acquired between January 26 and Feb. 3, 2025.

The company also revealed it acquired 1 million Dogecoin (DOGE) on December 27.

Neptune Digital Assets Scoops 20 More Bitcoin

According to the press releases, Neptune acquired 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. With the latest purchase, Neptune’s total BTC holdings increased to 376 BTC.

Neptune is one of over 60 publicly traded companies that can issue debt and use the proceeds to buy BTC. The biggest hodler among these is U.S.-listed MicroStrategy.

Proud to be on this list 💪🏼

https://t.co/U2L2nSHbU0

— Neptune (@NeptuneDAC) November 30, 2024

Besides buying BTC, Neptune is also scooping up Dogecoin. On Friday, the blockchain firm announced it acquired the meme coin at the average price of $0.37 per token. Neptune said it bought the DOGE via a “strategic derivative purchase.”

“As 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’s commitment to its growth strategy while meticulously managing leverage risk and debt levels,” Cale Moodie, Neptune’s chief executive officer, said in a statement.

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.

BTC fell to lows of $92k before bouncing to retest resistance above the psychological $100k level. Currently, the benchmark asset trades just above $99,400.

Meanwhile, DOGE slumped to below $0.22 and currently hovers near $0.27.