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Neptune Digital Assets Acquires 1 Million DOGE Tokens for $270,000 at $0.37 Each, Expanding Holdings to 376 BTC

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Neptune Digital Assets Acquires 1 Million DOGE Tokens for $270,000 at $0.37 Each, Expanding Holdings to 376 BTC

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  • CoinDesk
  • Cointelegraph
  • The Block

6 posts ChatGPT (GPT-4o mini)

Updated

Neptune Digital Assets, a publicly traded Canadian blockchain company, has acquired 1 million Dogecoin (DOGE) tokens for approximately $270,000, at an average price of $0.37 per token. This purchase increases the company's cryptocurrency holdings, which also include 376 Bitcoin (BTC) acquired at $99,833 each. The move signals a growing trend of institutional investment in cryptocurrencies, particularly in meme-based tokens. This acquisition follows recent actions by other institutions, including Spirit Blockchain, and comes as Bitwise advocates for a spot DOGE exchange-traded fund (ETF), indicating a potential influx of institutional capital into the cryptocurrency market.

Sources

    Crypto Briefing
    Crypto BriefingTwitter verified badge
    @Crypto_Briefing

    🇨🇦 JUST IN: Neptune Digital Assets, a publicly traded Canadian blockchain company, has acquired 1 million $DOGE tokens for around $270,000 https://t.co/TJQRWs7krl

    Cointelegraph
    CointelegraphTwitter verified badge
    @Cointelegraph

    🇨🇦 LATEST: Neptune Digital Assets, a publicly traded Canadian blockchain company, purchased 1 million $DOGE tokens for approximately $270,000. https://t.co/d2SZ0KUO1z

    CoinDesk
    CoinDeskTwitter verified badge
    @CoinDesk

    Neptune Digital Assets purchased 1 million DOGE at an average price of $0.37 per token, coupling the memecoin with its BTC investments, @FranciscoMemor writes. https://t.co/UvbmFFB0oo

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    Neptune Digital Assets Acquires 1 Million DOGE Tokens for $270,000 at $0.37 Each, Expanding Holdings to 376 BTC
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    Neptune Digital Assets Acquires 1 Million Dogecoin for $270,000 at $0.37 Each, Increasing Holdings to 376 Bitcoin
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