Neptune Digital Assets Buys 1 Million Dogecoin, Faces 27% Loss

Share This Post

Dogecoin (DOGE) Price Prediction February 2025

The post Neptune Digital Assets Buys 1 Million Dogecoin, Faces 27% Loss appeared first on Coinpedia Fintech News

Blockchain firm Neptune Digital Assets (NDA) announced it purchased 1 million Dogecoin (DOGE) tokens through a “strategic derivative purchase” on December 27. The Vancouver-based company, has seen a significant loss on its investment, as the price of the memecoin has fallen 27% to 27 cents since the purchase. While many companies have made buying bitcoin a strategic goal, Neptune is only the second publicly traded company to invest in the meme-inspired DOGE. Neptune Digital Assets also acquired 20 bitcoin at an average price of $99,833 per coin, bringing its total BTC holdings to 376 coins worth $37.2 million.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Bitcoin Mining’s Power Brokers: A Deep Dive Into the Top 15 Companies and Their Financial Architects

Institutional investors now hold pivotal stakes in 15 major cryptocurrency mining firms, with asset managers like Vanguard, Blackrock, and Fidelity steering ownership across an increasingly

Federal Reserve Chair Backs Bitcoin As ‘Digital Gold’—A Turning Point For Crypto?

Despite the challenging macroeconomic environment, Federal Reserve chairman Jerome Powell has revised his stance on Bitcoin, which has given investors cautious hope for cryptocurrencies Comparing

Ethereum Price Recovery: Analyst Predicts Blow Off Top To $3,300 In One Week, Here’s Why

The Ethereum price is showing strong signs of a potential breakout, as an analyst predicts a surge to $3,300 in just one week This forecast shows Ethereum’s projected successful breach of a key

Metaplanet Expands Bitcoin Holdings With Additional Purchase of 269.43 BTC

Metaplanet announced on Monday that it has acquired an additional 26943 BTC, valued at approximately $264 million (¥4 billion) This latest purchase brings the company’s total holdings to

XRP trading booms on US exchanges as ETF speculation heats up

The demand for XRP exceeds that of other crypto on US-based exchanges, with trading volumes surging significantly since November, according to a recent Kaiko report The report highlighted XRP growth

Sonic SVM Opens $1M Hackathon Ahead of Mainnet Launch

Sonic SVM, Solana’s first chain extension, officially announced today its $1M hackathon, designed to spur native decentralized application development ahead of its main net launch on Feb 27,