Neptune Digital Assets Expands Bitcoin Treasury to 401 BTC

Neptune Digital Assets Corp. has steadily reinforced its position as a strategic long-term holder of Bitcoin, growing its treasury to 401 BTC as of April 10, 2025. This expansion highlights the company’s confidence in Bitcoin’s future, as well as its ability to maintain a disciplined accumulation strategy amid ongoing market volatility.

What sets Neptune apart is its average BTC acquisition cost of $31,564 — notably below the broader market’s 2024 average of $65,901 and even undercutting the ~$67,000 per coin price paid by major institutional players such as Strategy (formerly MicroStrategy). While others have aggressively pursued Bitcoin during bull runs, Neptune’s patient, calculated approach through dollar-cost averaging, strategic dips, and organic conversions from other crypto assets has positioned it favorably.

The most recent uptick in Neptune’s holdings — from 376 to 401 BTC — follows modest but purposeful activity between late December and early February, including the acquisition of 20 BTC and 1 million DOGE. These moves reflect Neptune’s ongoing efforts to diversify its treasury operations while maintaining a Bitcoin-first strategy.

CEO Cale Moodie doubled down on the company’s long-term vision in a statement, emphasizing that Neptune sees Bitcoin not just as a speculative asset, but as “the cornerstone of the digital asset economy.” He noted that the firm’s growing treasury is the result of a multi-faceted approach combining:

• Strategic spot buying at low prices
• Staking reward conversions into BTC
• Interest-bearing derivative strategies
• Ongoing mining operations
• Conservative financial management

Neptune remains one of Canada’s first publicly listed blockchain firms, and its business footprint spans across proof-of-work mining, staking infrastructure, decentralized finance, and broader blockchain services. This gives the firm multiple revenue streams — all of which can potentially feed back into its growing Bitcoin treasury.

Looking ahead, the company appears committed to expanding its BTC position further, while exploring value-driven opportunities throughout the crypto ecosystem. With Bitcoin increasingly viewed as a macro-hedge and treasury reserve asset by companies and governments alike, Neptune’s early, cost-effective accumulation may prove to be one of its most valuable long-term plays.