Neptune Digital Assets (NDA), a blockchain firm based in Vancouver, Canada, has recently expanded its crypto portfolio by purchasing 1 million Dogecoin (DOGE) tokens at an average price of $0.37 each, alongside acquiring 20 bitcoin (BTC) at approximately $99,833 per coin. This strategic acquisition occurred on December 27, 2024, as part of the company’s broader investment strategy supported by its Sygnum credit line. However, since the purchase, the value of DOGE has declined by 27%, affecting the overall profitability of this investment. Neptune now holds a total of 376 BTC worth around $37.2 million. Notably, Neptune is only the second publicly traded firm to adopt DOGE in its portfolio, following Spirit Blockchain. CEO Cale Moodie emphasized that these acquisitions illustrate NDA's commitment to its growth strategy while carefully managing leverage risks amidst the fluctuating crypto market.

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