- Neptune Digital Assets (NPPTF, Financial) expands its Bitcoin treasury to 401 BTC.
- Average acquisition cost per Bitcoin is US$31,564, below market benchmarks.
- Diverse strategy includes mining, staking, and strategic purchasing.
Neptune Digital Assets Corp. (NPPTF), a leading blockchain company based in Canada, has announced the expansion of its Bitcoin holdings to 401 BTC. The acquisition places Neptune in a favorable position compared to industry standards, with an average purchase price of US$31,564 per Bitcoin. This is significantly lower than the 2024 market average of US$65,901 and ARK Invest's reported global aggregate cost basis of US$40,980.
The company's strategy for accumulating Bitcoin involves a multi-faceted approach, incorporating dollar-cost averaging, opportunistic dip buying, proof-of-work mining, interest-bearing derivatives, and the conversion of staking rewards into Bitcoin. This comprehensive plan allows Neptune to maintain a steady accumulation of Bitcoin regardless of market conditions, while also optimizing yield generation from its operations.
"We believe in Bitcoin's long-term value and its role as the cornerstone of the digital asset economy," said Cale Moodie, CEO of Neptune Digital Assets. "Our growing treasury reflects our confidence in Bitcoin's future and Neptune's disciplined approach to strategic asset allocation."
Neptune Digital Assets, with stock ticker NPPTF, continues to enhance its treasury management strategy to maximize shareholder value through prudent investments and operational efficiencies, positioning the company advantageously within the rapidly evolving cryptocurrency market.
