Updated Neptune Digital Asset Holdings (Patreon)

I udpated the model for the changes to the portfolio. It is now 14.7% spaceX and 62% BTC and 11.1% SOL.

• Neptune ended the fiscal year on August 31, 2024, with $50.7 million in assets and no debt, an increase of 54% over the previous fiscal year.

• Neptune achieved a total comprehensive net income of $17.1 million for the fiscal year ended August 31, 2024, a significant growth from a net comprehensive loss of $3.4 million in the prior year.

• Gross mining revenues experienced a slight decline from $2.3 million to $1.8 million this year, primarily due to the halving event reducing BTC production.

• Staking revenues increased, driven by the growth in staked altcoin balances. As part of its staking growth strategy, Neptune acquired 26,964 Solana (SOL), a leading blockchain platform for high-performance decentralized applications. As of the date of this release, Neptune holds 32,100 SOL, with the majority of these holdings staked and generating consistent staking revenue.

• As of the date of this release, Neptune’s largest digital asset holdings include 354 BTC; 32,100 SOL; 200,000 ATOM; 663,000 FTM; 1.27 million GRT; 51,000 DOT; and 141 ETH. The Company also holds positions in DASH, JUNO, Ocean, and a number of other smaller market-cap tokens.

• Neptune holds 26,720 SpaceX shares through two third-parties valued at approximately $7.1 million at the date of this release, representing an increase of over 100% from August 31, 2023.

• In addition to its other assets, Neptune holds a cash balance of $4 million held with a tier 1 Canadian bank, providing sufficient funding to sustain operations for over two years of normal general and administrative costs.

• Neptune is on track to secure up to $25 million USD in debt financing, creating opportunities for additional investments in crypto assets, derivative trading, and proof-of-stake operations without any dilution to shareholders.

https://neptunedigitalassets.com/neptune-announces-audited-annual-financials-with-17-1m-comprehensive-net-income-and-54-asset-growth/