Neptune Digital Assets Corp. has significantly expanded its Bitcoin treasury, reporting holdings of 401 BTC as of April 10, 2025. This milestone highlights the company’s strategic accumulation in the evolving crypto landscape.
The Vancouver-based firm revealed an impressive average acquisition cost of just $31,564 per BTC. This figure stands in sharp contrast to the 2024 market average price of $65,901 and the $67,458 average reported by major institutional investors like Strategy.
This growth follows Neptune’s recent acquisition of 20 BTC, building upon earlier diversification efforts between late 2024 and early 2025 that included purchasing 1 million Dogecoin (DOGE). These moves increased its Bitcoin stack from 376 to the current 401 BTC.
Neptune credits its success to a disciplined, cost-conscious approach. This strategy, focusing on acquiring digital assets below prevailing market rates, has positioned the company advantageously compared to many corporate peers navigating crypto market volatility.
Bitcoin as a Cornerstone Asset
CEO Cale Moodie emphasized the company’s conviction in Bitcoin’s fundamental importance within the digital asset ecosystem. “Our growing treasury reflects our confidence in Bitcoin’s future and Neptune’s disciplined approach to strategic asset allocation,” Moodie stated.
He outlined a multi-faceted strategy for treasury growth, encompassing dollar-cost averaging, seizing opportunistic buying moments, proprietary mining operations, utilizing interest-bearing derivatives, and converting staking rewards directly into Bitcoin.
As one of Canada’s pioneering publicly listed blockchain firms, Neptune maintains diverse operations across the crypto sector, including proof-of-work (PoW) and proof-of-stake (PoS) mining, decentralized finance (DeFi) involvement, and blockchain infrastructure development.
The company affirmed its commitment to continually optimizing treasury management while actively exploring value-driven opportunities throughout the broader digital asset sphere.