October 
28, 2024 [crocon media – tand] Neptune Digital Assets Corp. (TSXV: NDA, OTC: NPPTF) has rolled out an impressive series of updates, highlighting its robust financial position and strategic moves aimed at growth as market conditions shift. From staking a substantial 31,715 Solana (SOL) to investing in a major marketing campaign, Neptune is solidifying its position as a prominent player in the blockchain space.
Neptune, one of Canada’s pioneering publicly traded blockchain companies, holds 349 BTC in cold storage, growing through a combination of mining, option trades, and reinvesting staking revenues. Its diverse portfolio includes over 193,000 ATOM, 140 ETH, and 50,000 DOT, among other assets, with the majority staked at yields of 3-20%. As of October 25, 2024, Neptune’s operations generate an estimated $220,000 monthly.
Earlier this year, Neptune capitalized on a remarkable opportunity, acquiring 26,964 SOL at a significant discount, now staked alongside an additional purchase for a total of 31,715 SOL, generating a 7.25% return annually. This acquisition underscores Neptune’s strategic approach to strengthening its balance sheet with timely, value-accretive investments, such as the Solana stake and a novel investment in SpaceX.
To bolster brand visibility, Neptune entered into a $150,000 marketing campaign with Native Ads Inc., a full-service advertising agency. This campaign, encompassing digital media, SEO, and creative content development, will enhance Neptune’s reach as the cryptocurrency market eyes an anticipated bull run, especially as the 2024 U.S. election cycle could impact crypto markets.
Cale Moodie, CEO of Neptune, commented, “With our diversified holdings and focus on growth-oriented investments, we’re ready to leverage the ongoing bull cycle and position Neptune at the forefront of the digital asset landscape. Our new marketing campaign aims to elevate our visibility and showcase Neptune’s strengths to a broader audience.”
With no debt, $4.6 million in cash reserves, and a portfolio diversified across both established and emerging crypto assets, Neptune Digital Assets is strategically poised to benefit from current and upcoming market trends. By increasing public awareness and sustaining their growth momentum, Neptune is setting a clear path for long-term shareholder value.
Read the press releases : https://www.newsfilecorp.com/release/227769/Neptune-Provides-Corporate-Update-Announces-Marketing-and-Staking-of-31715-Solana
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