Neptune Digital Assets

The company adopts a dual-track model of "digital asset reserves + multi-chain ecosystem participation," focusing on core Bitcoin reserves and expanding into a diversified layout of cryptocurrency assets: Bitcoin Mining and Reserves: Bitcoin mining through cooperative mining farms (such as facilities in Alberta, Canada), while continuously expanding BTC reserves through public market purchases and derivatives trading. The financial report for May 2025 shows that its Bitcoin reserves account for more than 80% of total assets. Multi-chain ecosystem participation: Proof of Stake (PoS) Staking: Holding 35,460 Solana (SOL) and earning an annualized return of approximately 7.5% through staking, while also obtaining an annualized return of 50% - 100% from selling SOL options to increase holdings of BTC. DeFi and Node Operation: Participate in node operations in networks such as the Cosmos ecosystem (ATOM) and Polkadot (DOT) to earn block rewards and governance voting rights, and obtain returns through liquidity mining on platforms like Uniswap. Strategic investment: Holding shares in SpaceX (valued at approximately 8.2 million USD) and exploring emerging fields such as AI computing power leasing to build a technology asset portfolio.

Sources of profit related to cryptocurrency include: Bitcoin asset appreciation: By adopting a long-term holding strategy (average cost of $33,011 / BTC), benefiting from price fluctuations. When the price of Bitcoin surpasses $100,000 in May 2025, the value of its reserve of 405 BTC appreciates by over $28 million. Mining and Staking Rewards: Bitcoin mining revenue accounts for 65% of total revenue in Q1 2025, with power costs controlled below $0.04 per kilowatt-hour through Power Purchase Agreements (PPA). The annualized yield for SOL staking is approximately 7.5%, and it is expected to contribute about 1.2 million dollars in revenue through staking and options trading in Q2 2025. Derivatives trading: Leveraging a $25 million credit line from Sygnum Bank, for example, purchasing 1 million Dogecoin (DOGE) at $0.37 per coin in December 2024, and hedging price volatility risk with call options.

Building anti-cyclical capability: Profiting from asset appreciation when Bitcoin prices rise, and maintaining cash flow through staking and DeFi yields during downturns. During the cryptocurrency market correction in Q1 2025, the proportion of non-BTC earnings increased to 35%, effectively diversifying risk. Low-cost reserve strategy: SOL strategically acquired at $64 per coin (a 67% discount to the market price) to reduce holding costs, while covering part of the operating expenses through staking rewards. The combination of Bitcoin mining and green energy (such as the Alberta project) will compress electricity costs to industry lows, enhancing long-term competitiveness. Ecological impact accumulation: Participating in network governance of Solana, Cosmos, and other networks through node operation and staking, laying the foundation for future cross-chain collaboration and NFT/DeFi project incubation.

Bitcoin ( BTC ): Direct impact: In Q1 2025, a total of 82 bitcoins will be produced, accounting for 0.012% of the global issuance during the same period. Its hash rate expansion plan (targeting 5 EH/s) may lead to a slight increase in mining difficulty. Market signal transmission: Continuous increase in holdings of BTC (reaching 405 coins by May 2025) releases long-term confidence to the market, indirectly supporting investor sentiment. Solana (SOL): Liquidity management: Holding 35,460 SOL and adjusting market liquidity through options trading (such as selling call options), with options revenue accounting for 40% of SOL-related income in Q2 2025. Ecological Participation: As one of the validation nodes on the Solana network, its staking behavior enhances network security, while also increasing token demand through investments in Solana ecosystem projects (such as NFT platforms). Dogecoin (DOGE): As the second publicly listed company to hold DOGE, its holding of 1 million coins (costing $270,000) provides a case of institutional recognition for the market, which may attract retail investors to follow suit.