Bitcoin, ATOM, Ethereum, Fantom, and Dash continue to advance their projects which is directly reflected in their massive price appreciation, a true testament to the diversified strategy at Neptune.

“We are pleased with the substantial rise in the value of our asset base over the last month. Our altcoin selections have done astoundingly well and all our holdings continue to grow in both quantity and value. Our stock ticker now more accurately represents the nature of Neptune’s business as we move forward in this exciting space. We anticipate a highly profitable second quarter ending February 28, 2021, if we remain on this current trajectory,” stated Cale Moodie, Neptune CEO.

Alumina Partners LLC has agreed to draw-down from the previously announced draw-down equity facility. Upon completion of this drawdown, Neptune Digital will issue Alumina 1,500,000 units at a price of C$0.175 per unit for aggregate gross proceeds of C$262,500. Each unit consisted of one common share and one transferable common share purchase warrant entitling the holder to purchase one common share at a price of $0.294 for a period of three years from the issue date.

The securities will be subject to a four-month hold period under applicable securities laws and the transaction remains subject to final approval from the TSX-V.

Neptune intends to use the proceeds from the private placement for strategic cryptocurrency acquisitions.

Neptune invests and manages a portfolio of cryptocurrency assets focused on growth and revenue generation. 

Neptune Digital Assets Corp. (NDA) opened at C$0.26 per share.