Sign In  |  Register  |  About Mill Valley  |  Contact Us

Mill Valley, CA
September 01, 2020 1:29pm
7-Day Forecast | Traffic
  • Search Hotels in Mill Valley

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

Bitcoin Rally Sparks Altcoin Boom, Propelling Solana to $250

On Behalf of Neptune Digital Assets Corp.

Solana’s (SOL) recent surge to $250, its highest since 2021,  has been fueled by Bitcoin’s climb to $94,000 and strong market sentiment surrounding Solana’s network. Analysts credit this rally to $5.61 billion in open interest, surging network activity, and Solana’s position as a faster, more cost-effective alternative to Ethereum. Bitcoin’s recent rally has also drawn significant capital into altcoins like Solana, driving investor interest across the cryptocurrency market. This momentum isn’t just benefiting Solana—it’s creating ripple effects throughout the industry. Companies like Neptune Digital Assets Corp. (TSXV:NDA) (OTCQB:NPPTF) and DeFi Technologies Inc. (CBOE:DEFI) (OTCQB:DEFTF) are leveraging this bullish environment to strengthen their positions in blockchain and decentralized finance. Industry leaders like MicroStrategy Incorporated (NASDAQ:MSTR) and Coinbase Global Inc. (NASDAQ:COIN), are drawing heightened investor interest as altcoins like Solana attract fresh capital, while Sol Strategies Inc. (CSE:HODL) (OTC:CYFRF) is well-placed to capitalize on the growing enthusiasm for digital assets.

Neptune Digital Assets Corp. (TSXV:NDA) (OTCQB:NPPTF), one of Canada’s first publicly traded blockchain companies, is building long-term value across multiple revenue streams. The company operates in Bitcoin mining, proof-of-stake mining, blockchain nodes, and decentralized finance (DeFi) investments, with a strong focus on sustainability through renewable energy for its Bitcoin mining operations.

Neptune Digital Assets maintains a solid financial position with no debt, $4.6 million in cash reserves, and a diverse digital asset portfolio that includes Bitcoin, Ethereum, and DeFi tokens. The company currently holds 350 Bitcoin in cold storage and generates staking yields ranging from 3% to 20% on assets like ETH, DOT, and ATOM. The company recently acquired 26,964 SOL at a significant discount and stakes 31,715 SOL, generating 7.25% annually. 

On November 20, Neptune Digital Assets Corp. (TSXV:NDA) (OTCQB:NPPTF) announced that it has expanded its Fantom (FTM) holdings as the blockchain prepares to migrate to the Sonic network. Neptune currently holds 663,000 FTM tokens and employs a dollar-cost-averaging (DCA) derivative strategy by selling Fantom put options. This approach aims to increase its holdings to 1-3 million FTM, earning up to 150% APR on cash collateral if prices remain stable.

“Leveraging derivatives allows us to strategically acquire more tokens at favorable prices while earning high returns on cash reserves, given we are long FTM, this is a win-win strategy for the Company,” said Neptune Digital Assets CEO Cale Moodie. “We use this approach to focus on innovation and financial prudence, which are key drivers of our long-term success.”

The Sonic upgrade promises to enhance the Fantom blockchain’s scalability and user experience, targeting over 10,000 transactions per second with sub-second finality. These improvements are expected to bolster FTM’s utility, attracting developers and investors alike.

“Fantom’s migration to Sonic marks a big move in its evolution,” added Moodie. “Neptune has a long history with Fantom, from staking to participating in its DeFi ecosystem, which proved extremely lucrative in past bull markets. We see Sonic as a catalyst for elevating Fantom’s performance and aligning perfectly with Neptune’s mission to invest in innovative blockchain technologies.”

Neptune’s expansion into Fantom underscores its strategic positioning within the blockchain space, reinforcing its commitment to long-term growth and value creation.

Click here for more information about Neptune Digital Assets Corp. (TSXV:NDA) (OTCQB:NPPTF).

Crypto Strategies: Expanding Bitcoin Holdings, Blockchain Investments, and Innovative Financial Models

MicroStrategy Incorporated (NASDAQ:MSTR), the largest corporate holder of Bitcoin, recently announced updates on its Bitcoin holdings, capital markets activity, and BTC Yield KPI. Between October 31 and November 10, 2024, the company acquired 27,200 bitcoins for $2.03 billion, at an average price of $74,463 per bitcoin. As of November 10, MicroStrategy held 279,420 bitcoins, purchased for a total of $11.9 billion at an average price of $42,692 per bitcoin. The company raised $2.03 billion by selling 7.85 million shares under its sales agreements, with future at-the-market offerings to proceed under its October Sales Agreement. From October 1 to November 10, 2024, its BTC Yield was 7.3%, reflecting its accretive strategy to maximize shareholder value through Bitcoin acquisitions.

DeFi Technologies Inc. (CBOE:DEFI) (OTCQB:DEFTF) has launched CoreFi Strategy, offering a regulated, leveraged pathway to Bitcoin yield and CORE, the native asset of Core blockchain. CoreFi focuses on BTCfi, leveraging Dual Staking and innovative financing to grow CORE and BTC holdings, providing investors with high-beta Bitcoin exposure. Core blockchain supports over 8,200 staked BTC and 75% of Bitcoin’s mining hash power, enabling sustainable yields. Earlier this year, DeFi’s subsidiary, Valour, launched yield-bearing BTC and CORE ETPs. CoreFi Strategy positions itself as a key vehicle for BTCfi growth, mirroring MicroStrategy’s successful Bitcoin-focused model.

Coinbase Global Inc. (NASDAQ:COIN)’s CEO Brian Armstrong proposed innovative ideas to the presidential advisory commission, the Department of Government Efficiency (D.O.G.E.), led by Elon Musk and Vivek Ramaswamy. Armstrong advocated for capping federal spending at a fixed percentage of GDP, around 10%, and creating a U.S. sovereign wealth fund to distribute budget surpluses as dividends. He emphasized these reforms could enhance accountability and support economic growth. His comments coincided with a 12.22% rise in Dogecoin’s (DOGE) price, fueled by enthusiasm from its branding overlap with the commission. D.O.G.E. aims to streamline government operations and cut the national deficit by $2 trillion by 2026.

Sol Strategies Inc. (CSE:HODL) (OTC:CYFRF) a Canadian holding company investing in the Solana blockchain, recently announced a definitive agreement to acquire four validators from Cogent Crypto, a high-performance Solana validator operator. The acquisition adds 699,012 SOL, bringing Sol Strategies’ total delegation to 948,804 SOL (CAD $285.87M). Additionally, validators on SUI, MONAD, and ARCH networks add CAD $181.44M in cumulative delegations. This move expands Sol Strategies’ staking capabilities, leveraging Cogent Crypto’s proven infrastructure to support decentralized finance and drive shareholder value. The acquisition terms include $1M in cash and 19.75M shares issued over three years. 

Neptune Digital Assets Corp. (TSXV:NDA) (OTCQB:NPPTF) is exploring US$25M in flexible credit facilities to expand Bitcoin and crypto holdings. CEO Cale Moodie emphasizes scaling exposure without shareholder dilution, aligning with the MicroStrategy playbook to strengthen income and capital structure. 

Click here for more information about Neptune Digital Assets Corp. (TSXV:NDA) (OTCQB:NPPTF).

Featured Image @ Freepik

Disclosure:

1) The author of the Article, or members of the author’s immediate household or family, do not own any securities of the companies outlined in this Article. The author determined which companies would be included in this article based on research and understanding of the sector.

2) The Article was issued on behalf of and sponsored by, Neptune Digital Assets Corp. Market Jar Media Inc. was paid $1,500 USD for the production and publishing of this article by Neptune Digital Assets Corp.’s Digital Marketing Agency of Record (Native Ads Inc.). Additional details relating to Market Jar Media Inc.’s engagement by Neptune Digital Assets Corp.’s Digital Marketing Agency of Record (Native Ads Inc.) are set out in https://pressreach.com/disclaimer-nda

3) Statements and opinions expressed are the opinions of the author and not Market Jar Media Inc., its directors or officers. The author is wholly responsible for the validity of the statements. The author was not paid by Market Jar Media Inc. for this Article. Market Jar Media Inc. was not paid by the author to publish or syndicate this Article. Market Jar has not independently verified or otherwise investigated all such information. None of Market Jar or any of their respective affiliates, guarantee the accuracy or completeness of any such information. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Market Jar Media Inc. requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Market Jar Media Inc. relies upon the authors to accurately provide this information and Market Jar Media Inc. has no means of verifying its accuracy.

4) The Article does not constitute investment advice. All investments carry risk and each reader is encouraged to consult with his or her individual financial professional.  Any action a reader takes as a result of the information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Market Jar Media Inc.’s terms of use and full legal disclaimer as set forth here. This Article is not a solicitation for investment. Market Jar Media Inc. does not render general or specific investment advice and the information on PressReach.com should not be considered a recommendation to buy or sell any security. Market Jar Media Inc. does not endorse or recommend the business, products, services or securities of any company mentioned on PressReach.com

5) Market Jar Media Inc. and its respective directors, officers and employees hold no shares for any company mentioned in the Article.

6) This document contains forward-looking information and forward-looking statements, within the meaning of applicable Canadian securities legislation, (collectively, “forward-looking statements”), which reflect management’s expectations regarding Neptune Digital Assets Corp.’s future growth, future business plans and opportunities, expected activities, and other statements about future events, results or performance. Wherever possible, words such as “predicts”, “projects”, “targets”, “plans”, “expects”, “does not expect”, “budget”, “scheduled”, “estimates”, “forecasts”, “anticipate” or “does not anticipate”, “believe”, “intend” and similar expressions or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative or grammatical variation thereof or other variations thereof, or comparable terminology have been used to identify forward-looking statements. These forward-looking statements include, among other things, statements relating to: (a) revenue generating potential with respect to Neptune Digital Assets Corp.’s industry; (b) market opportunity; (c) Neptune Digital Assets Corp.’s business plans and strategies; (d) services that Neptune Digital Assets Corp. intends to offer; (e) Neptune Digital Assets Corp.’s milestone projections and targets; (f) Neptune Digital Assets Corp.’s expectations regarding receipt of approval for regulatory applications; (g) Neptune Digital Assets Corp.’s intentions to expand into other jurisdictions including the timeline expectations relating to those expansion plans; and (h) Neptune Digital Assets Corp.’s expectations with regarding its ability to deliver shareholder value. Forward-looking statements are not a guarantee of future performance and are based upon a number of estimates and assumptions of management in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, as of the date of this document including, without limitation, assumptions about: (a) the ability to raise any necessary additional capital on reasonable terms to execute Neptune Digital Assets Corp.’s business plan; (b) that general business and economic conditions will not change in a material adverse manner; (c) Neptune Digital Assets Corp.’s ability to procure equipment and operating supplies in sufficient quantities and on a timely basis; (d) the accuracy of budgeted costs and expenditures; (e) Neptune Digital Assets Corp.’s ability to attract and retain skilled personnel; (f) political and regulatory stability; (g) the receipt of governmental, regulatory and third-party approvals, licenses and permits on favorable terms; (h) changes in applicable legislation; (i) stability in financial and capital markets; and (j) expectations regarding the level of disruption to as a result of CV-19. Such forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of Neptune Digital Assets Corp. to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: (a) Neptune Digital Assets Corp.’s operations could be adversely affected by possible future government legislation, policies and controls or by changes in applicable laws and regulations; (b) public health crises such as CV-19 may adversely impact Neptune Digital Assets Corp.’s business; (c) the volatility of global capital markets; (d) political instability and changes to the regulations governing Neptune Digital Assets Corp.’s business operations (e) Neptune Digital Assets Corp. may be unable to implement its growth strategy; and (f) increased competition.

Except as required by law, Neptune Digital Assets Corp. undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future event or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. Neither does Neptune Digital Assets Corp. nor any of its representatives make any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this document. Neither Neptune Digital Assets Corp. nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this document by you or any of your representatives or for omissions from the information in this document.

7) Any graphs, tables or other information demonstrating the historical performance or current or historical attributes of Neptune Digital Assets Corp. or any other entity contained in this document are intended only to illustrate historical performance or current or historical attributes of Neptune Digital Assets Corp. or such entities and are not necessarily indicative of future performance of Neptune Digital Assets Corp. or such entities.

8) The technical information contained in articles and videos produced for this campaign has been reviewed and approved by Kell Nielsen at Neptune Digital Assets Corp. as the Qualified Persons for the Company as defined in National Instrument 43-101.

9) Investing is risky. The information provided in this article should not be considered as a substitute for professional financial consultation. Users should be aware that investing in any form carries inherent risks, and as such, there is a possibility of losing some or all of their investment. The value of investments can fluctuate significantly within a short period, and investors must understand that past performance is not indicative of future results. Additionally, users should exercise caution as transactions involving investments may be irreversible, even in cases of fraud or accidental actions. It is crucial to acknowledge that rapidly evolving laws and technical issues can have adverse effects on the usability, transferability, exchangeability, and value of investments. Furthermore, users must be cognizant of potential security risks associated with their investment activities. Individuals are strongly encouraged to conduct thorough research, seek professional advice, and carefully evaluate their risk tolerance before engaging in any investment endeavors. Market Jar Media Inc. is neither an investment adviser nor a broker-dealer. The information presented on the website is provided for informative purposes only and is not to be treated as a recommendation to make any specific investment. No such information on PressReach.com constitutes advice or a recommendation.

Read more investing news on PressReach.com.Subscribe to the PressReach RSS feeds:

Follow PressReach on Twitter
Follow PressReach on TikTok
Follow PressReach on Instagram
Subscribe to us on Youtube

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Copyright © 2010-2020 MillValley.com & California Media Partners, LLC. All rights reserved.