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An update from Neptune Digital Assets ( (TSE:NDA) ) is now available.
Neptune Digital Assets Corp. has secured a US$20 million credit facility from Sygnum, a global digital asset banking group. The funds will be used to expand Neptune’s digital asset portfolio, support strategic investments, and strengthen its balance sheet. This strategic borrowing relationship with Sygnum positions Neptune to grow its operations without issuing new equity, maintaining shareholder value while advancing the crypto ecosystem in a regulated environment.
More about Neptune Digital Assets
Neptune Digital Assets Corp. is one of the first publicly traded blockchain companies in Canada, focusing on the cryptocurrency and blockchain sectors. The company engages in Bitcoin mining, proof-of-stake mining, blockchain nodes, decentralized finance (DeFi), and other related technologies. It is committed to innovation and strategic growth to maximize shareholder value.
YTD Price Performance: 26.42%
Average Trading Volume: 1,129,211
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$170.1M
See more insights into NDA stock on TipRanks’ Stock Analysis page.
