Blockchain Neptune Digital Assets (NDA) said it had bought 1 million Dogecoin chips (DOGE) thanks to what the company said it was a “strategic derivative purchase” on December 27.
The company based in Vancouver, based in Canada, which focuses on cryptocurrency and blockchain infrastructure, is considerably decreasing on investment. The same thing has dropped from 27% to 27 cents since the purchase.
Neptune Digital Assets also acquired 20 Bitcoin (BTC) at an average price of $ 99,833 per room, which brought its total BTC holdings to 376 pieces worth $ 37.2 million.
While many companies have purchased Bitcoin a strategic objection, Neptune is only the second company listed on the stock market to invest in the Doge inspired by the same. The first, Spirit Blockchain (SPR), announced in November that it had acquired the Dogecoin portfolio in a decision that made it a major participant in the DOGE ecosystem.
“Neptune acquires additional assets, taking advantage of our improved purchasing power via the Sygnim credit line,” CEO Cale Moody said in the press release. “With a strong emphasis on the BTC, these initial acquisitions show Neptune’s commitment to its growth strategy while meticulously managing the risk of leverage and debt levels.”
The announcement comes just one week after the large asset manager has filed an S-1 document with the Securities and Exchange Commission for a negotiated stock exchange linked to the DOGE price.
