CoinInsight360.com logo CoinInsight360.com logo
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
coinpedia 2025-02-04 17:28:28

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

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 the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.