crypto.news 2025-04-10 18:44:28

Neptune Digital Assets grows Bitcoin treasury to 401 BTC

Neptune Digital Assets Corp. has expanded its Bitcoin treasury to 401 BTC as of April 10, 2025. The Vancouver-based firm claims it still has its Bitcoin ( BTC ) at an average price of $31,564—significantly below the 2024 average of $65,901 and the $67,458 average paid by institutional players like Strategy (formerly MicroStrategy). The move builds on Neptune’s earlier purchase of 20 BTC and 1 million Dogecoin ( DOGE ) between late December and early February, bringing its total Bitcoin holdings from 376 to 401 BTC. Neptune’s disciplined, cost-efficient strategy has helped it outperform many corporate treasuries in terms of acquisition cost, bolstering its position amid fluctuating market conditions. You might also like: Despite lawsuit, Justin Sun continues accusing FDT of $500m embezzlement Bitcoin as a long-term growth strategy CEO Cale Moodie reaffirmed the firm’s belief in Bitcoin’s role as the foundation of the digital asset economy, noting the company’s multi-pronged approach to treasury growth. “We believe in Bitcoin’s long-term value and its role as the cornerstone of the digital asset economy. Our growing treasury reflects our confidence in Bitcoin’s future and Neptune’s disciplined approach to strategic asset allocation,” said Moodie. This includes dollar-cost averaging, opportunistic buying, mining operations, interest-generating derivatives, and converting staking rewards into Bitcoin. Neptune, one of Canada’s first publicly traded blockchain companies, operates across multiple areas of the crypto ecosystem — from proof-of-work and proof-of-stake mining to DeFi and blockchain infrastructure. The company stated it will continue to optimize its treasury management while seeking value-driven expansion in the broader digital asset landscape. You might also like: BTC-denominated insurance firm meanwhile secures $40m in VC funding