Neptune Digital Assets Acquires 1 Million DOGE as Second Publicly Listed Company to Invest in Dogecoin

On February 4th, COINOTAG News reported that Neptune Digital Assets, a Canadian blockchain firm publicly traded, has strategically acquired 1 million DOGE via derivatives at an average price of $0.37 each. This acquisition, valued at approximately $370,000, is slated for December 2024. The CEO of Neptune, Cale Moodie, emphasized the company’s commitment to further investment in digital assets through a credit facility arranged with Sygnum. Notably, this positions Neptune as the second listed company to enter the Dogecoin market, following Spirit Blockchain’s similar move. Additionally, the escalating interest in Dogecoin ETFs is underscored by applications from various institutional entities, including Bitwise, seeking to capitalize on the burgeoning digital asset landscape.