PANews reported on February 4 that according to The Block, Canadian listed blockchain company Neptune Digital Assets announced that it would purchase 1 million DOGE through derivatives at an average price of $0.37 in December 2024, with a total value of approximately $370,000. Neptune CEO Cale Moodie said that it will continue to increase its holdings of digital assets through the Sygnum credit line.

It is worth noting that Neptune is the second listed company to purchase Dogecoin after Spirit Blockchain. Earlier news , Bitwise submitted documents to launch a spot Dogecoin ETF. Bitwise CIO Matt Hougan said at the time: "The reality is that there are a lot of people who want to invest in Dogecoin." Osprey Funds and Rex Shares are also seeking to launch Dogecoin ETFs.