DOGE Now Part of Neptune Digital Assets’ Bitcoin-Focused Investment Approach.

Neptune Digital Assets Diversifies Portfolio with DOGE and Bitcoin Purchases

Neptune Digital Assets (NDA), a blockchain-focused firm based in Vancouver, has made a notable acquisition of 1 million dogecoin (DOGE) tokens on December 27 through a “strategic derivative purchase.” While the value of DOGE has fallen by 27%, now priced at 27 cents, the firm remains focused on expanding its digital asset holdings.

In addition to DOGE, Neptune has also increased its bitcoin (BTC) holdings by purchasing 20 BTC at an average price of $99,833 per coin. This brings the company’s total BTC position to 376 coins, valued at approximately $37.2 million. These acquisitions are part of Neptune’s broader strategy to strengthen its cryptocurrency portfolio.

While bitcoin remains a central focus for many companies, Neptune becomes the second publicly traded company to take a significant position in dogecoin, following Spirit Blockchain (SPIR), which also made a move into the memecoin market in November.

“We are leveraging the Sygnum credit line to continue acquiring additional assets,” stated Cale Moodie, CEO of Neptune Digital Assets. “While Bitcoin remains our primary focus, this strategy helps us diversify our portfolio while carefully managing risks related to leverage and debt.”

This move by Neptune follows a similar trend in the market, with Bitwise filing for a DOGE-based exchange-traded fund (ETF) with the SEC, signaling growing institutional interest in dogecoin as a viable asset class.