Neptune Expands Bitcoin Treasury by 20 Btc

Rhea-AI Summary

Neptune Digital Assets has expanded its cryptocurrency portfolio by acquiring 20 Bitcoin at an average price of USD$99,833 per BTC between January 26 and February 3, 2025. The total investment of approximately USD$2M increases Neptune's total Bitcoin holdings to 376 BTC.

Additionally, the company diversified its crypto assets by purchasing 1,000,000 Dogecoin tokens through a derivative purchase on December 27, 2024, at USD$0.37 per DOGE. The acquisitions were facilitated through the company's Sygnum credit line, demonstrating Neptune's strategic growth while managing leverage risk and debt levels.

Positive

• Increased Bitcoin holdings by 20 BTC to a total of 376 BTC
• Diversified crypto portfolio with 1,000,000 Dogecoin acquisition
• Access to Sygnum credit line for enhanced purchasing power

Negative

• High acquisition cost of Bitcoin at USD$99,833 per BTC
• Increased leverage and debt exposure through credit line purchases

Vancouver, British Columbia--(Newsfile Corp. - February 4, 2025) - Neptune Digital Assets Corp. (TSXV: NDA) (OTCQB: NPPTF) (FSE: 1NW) ("Neptune" or the "Company"), a blockchain leader in Canada, is pleased to announce that it has acquired 20 Bitcoin ("BTC") at an average price of USD$99,833 per BTC.

The Company purchased the BTC between January 26 and February 3, 2025, for approximately USD$2M bringing Neptune's total BTC holdings to 376. This acquisition reinforces Neptune's long-term commitment to Bitcoin as a cornerstone asset.

Neptune is also expanding its crypto exposure beyond Bitcoin. The Company acquired 1,000,000 Dogecoin ("DOGE") tokens through a strategic derivative purchase on December 27, 2024 at an average price of USD$0.37 per DOGE.

"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," stated Cale Moodie, Neptune's CEO.

For more information on Neptune Digital Assets, please visit: www.neptunedigitalassets.com

About Neptune Digital Assets Corp.

Neptune Digital Assets Corp. (TSXV: NDA) (OTCQB: NPPTF) (FSE: 1NW) is one of the first publicly traded blockchain companies in Canada and is at the forefront of the cryptocurrency and blockchain landscape. Neptune engages in operations across the digital asset ecosystem including Bitcoin mining, proof-of-stake mining, blockchain nodes, decentralized finance (DeFi), and other associated cutting-edge technology. Our unwavering commitment to innovation and strategic growth enables us to continually explore new opportunities and maximize value for our shareholders. For more information about Neptune Digital Assets Corp., please visit our website at www.neptunedigitalassets.com or follow us on X (@NeptuneDAC).

ON BEHALF OF THE BOARD

Cale Moodie, President and CEO

Neptune Digital Assets Corp.
1-800-545-0941
www.neptunedigitalassets.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX ‎Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.‎

Forward-Looking Statements

This release contains certain "forward looking statements" and certain "forward-looking information" as defined under applicable Canadian securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as "may", "will", "expect", "intend", "estimate", "anticipate", "believe", "continue", "plans", "proposes" or similar terminology. Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties, and contingencies. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of the Company to control or predict, that may cause the Company's actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including but not limited to: the execution of the Company's proposed investments in Bitcoin, Dogecoin and other cryptocurrencies; the inherent risks involved in the cryptocurrency and general securities markets; the Company may not be able to profitably liquidate its current digital currency inventory, or at all; a decline in digital currency prices may have a significant negative impact on the Company's operations; the volatility of digital currency prices; uncertainties relating to the availability and costs of financing needed in the future; the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, currency fluctuations; regulatory restrictions, liability, competition, loss of key employees and other related risks and uncertainties.

The Company does not undertake any obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/239526

FAQ

How many Bitcoin did Neptune Digital Assets (NPPTF) acquire in February 2025?

Neptune Digital Assets acquired 20 Bitcoin between January 26 and February 3, 2025, at an average price of USD$99,833 per BTC.

What is Neptune Digital Assets' (NPPTF) total Bitcoin holdings after the recent purchase?

After the recent acquisition of 20 BTC, Neptune Digital Assets' total Bitcoin holdings increased to 376 BTC.

How much did Neptune Digital Assets (NPPTF) invest in Dogecoin?

Neptune Digital Assets invested in 1,000,000 Dogecoin tokens at USD$0.37 per DOGE through a derivative purchase on December 27, 2024.

What was the total value of Neptune Digital Assets' (NPPTF) Bitcoin purchase in February 2025?

Neptune Digital Assets invested approximately USD$2 million in the purchase of 20 Bitcoin.