May 2, 2023 [crocon media – dgoldsmith] – Neptune Digital Assets Corp., a publicly traded blockchain company in Canada, has released its February 28, 2023 quarterly consolidated financial statements and management discussion and analysis, providing a snapshot of its performance during the first half of 2023.
The company’s financial highlights include ending the quarter with $37.7 million in assets and no debt, earning total revenues and other income of $1.9 million through Bitcoin mining, staking, DeFi and other income-generating activities during the six month period, mining $1,106,951 worth of Bitcoin up to February 28, 2023, and holding a total balance of 244 Bitcoin in cold storage and an additional 64 Bitcoin under chapter 11 claims with Genesis and Celsius.
The company’s two largest digital asset holdings are 244 BTC and 175,000 ATOM, and it also holds positions in ETH, FTM, wMemo, DASH, Lif3, Tomb, GRT, OCEAN and other tokens, as well as an investment in SpaceX valued at approximately $2 million USD.
While Neptune has had a number of difficult quarters, it finished the quarter with a positive net income and a healthy treasury balance for further growth as the markets improve.
Disclaimer All transactions are carried out by The SiLLC Assembly, a private portfolio management assembly. This document is not an offer of securities for sale or investment advisory services. This document contains general information only and is not intended to provide general or specific investment advice. Past performance is not a reliable indicator of future results and targets are not guaranteed. Certain statements and forecasted data are based on current expectations, current market and economic conditions, estimates, projections, opinions, and beliefs of SiLLC and/or its members. Due to various risks and uncertainties, actual results may differ materially from those reflected or contemplated in such forward-looking statements or in any of the case studies or forecasts. All references to SiLLC’s advisory activities relate to The SiLLC Assembly International.
[Sarasota, Florida, May 19, 2023] — X4A Networks, a project of The SiLLC Assembly, recognizes the importance of Bitcoin Full Nodes in maintaining the stability and security of the Bitcoin blockchain. As the number of transactions on the Bitcoin network continues to grow, the need for Full Nodes becomes increasingly critical.
Recently, the Bitcoin blockchain experienced a rare chainsplit, which caused FUD and ridicule in the crypto market. Critics blamed the congestion of the Bitcoin network, partly due to the explosion of BRC-20 tokens, for the mishap.
Bitcoin Full Nodes like https://btc.x4a.net are essential for the survival of the blockchain, and financial support through donations has become crucial for Full Node operators. They play a crucial role in validating transactions and upholding the consensus rules of the network, making sure everyone is on the same page and no one is trying any funny business.
X4A Networks is committed to supporting the Bitcoin network and has set up several Full Nodes to ensure its stability and security. It is time for the crypto community to recognize the importance of Full Nodes and support them financially. With more Full Nodes, the Bitcoin network becomes stronger and more decentralized, protecting it from any hackers or bad actors.
Join X4A Networks in supporting Bitcoin Full Nodes and ensuring the future of the Bitcoin blockchain. Visit https://btc.x4a.net to learn more and donate to keep the Bitcoin network safe and secure for all.
In a recent interview, Rubinho Gonzales, Technical Advisor for X4A Networks, stated that as the number of transactions on the Bitcoin network continues to grow rapidly, it is crucial to consider the future importance of having more Bitcoin Full Nodes in operation.
For those who are familiar with blockchain technology, it is known that every transaction is added to a block, and once the block is full, it is appended to the chain. With an exponential increase in transactions expected as more individuals join the world of cryptocurrency, there will be a need for more Full Nodes to maintain the efficiency of the network.
Furthermore, Bitcoin Full Nodes are not just for storing and validating transactions. They also play a vital role in upholding the consensus rules of the network, ensuring that all participants adhere to the same guidelines and preventing fraudulent activities. The more Full Nodes available, the stronger and more decentralized the blockchain becomes, safeguarding it from potential hackers or malicious actors.
Looking ahead, it is essential to support and encourage the growth of Bitcoin Full Nodes. As the cryptocurrency and blockchain sectors continue to expand, it is crucial to ensure that there are enough Full Nodes to maintain a smooth and stable network. This goal can be achieved with the combined efforts of the community.
The SiLLC Assembly is taking the initiative to establish a robust full node network around the world, and we are actively seeking supporters who share our vision. We believe that a strong and decentralized network of full nodes is critical to maintaining the stability and security of the blockchain.
As a leader in the blockchain industry, we are committed to ensuring that the Bitcoin network remains secure, reliable, and accessible to all. We are proactively searching for sponsors who are willing to support our mission by becoming full node sponsors. By donating to our cause, you can help us establish a giant full node network that will provide unparalleled support to the blockchain.
We invite you to join us in this critical mission to protect and strengthen the Bitcoin network. Your support will help us create a more secure and decentralized blockchain that will benefit everyone in the crypto community. If you would like to become a full node sponsor, please contact us at [insert contact information]. Together, we can build a better future for the blockchain.
For more information about X4A Networks and our support for the Bitcoin Network, please visit our website at https://x4a.net.
Technical Information: X4A Networks Full Nodes are running the latest version of the Bitcoin Core software and are hosted on dedicated servers with high-speed internet connections. Each Full Node has been configured to support the network by verifying transactions, maintaining a copy of the blockchain, and broadcasting new transactions and blocks to the network. Our Full Nodes are regularly monitored and maintained to ensure optimal performance and security.
About The SiLLC Assembly (TSA) SiLLC is in the business of creating and managing a large and diverse network of companies in AR, blockchain, digital assets, eCommerce, internet, metaverse, Retrotech, technology, and VR worldwide. SiLLC continues to capitalize on the numerous opportunities presented by emerging new mediums. SiLLC focuses on constructing a network of companies in advertising/marketing, AR, blockchain, content and community, eCommerce, energy, metaverse, Retrotech, robotics, technology, VR, and enabling technologies. With deep and broad management expertise, a tightly targeted strategic focus, an unparalleled track record, and a unique and successful investment model that demands and drives growth, SiLLC can truly claim to be creating .net value.
For more information, please visit https://www.sillc.net .
Disclaimer All transactions are carried out by SiLLC, a private portfolio management assembly. This document is not an offer of securities for sale or investment advisory services. This document contains general information only and is not intended to provide general or specific investment advice. Past performance is not a reliable indicator of future results and targets are not guaranteed. Certain statements and forecasted data are based on current expectations, current market and economic conditions, estimates, projections, opinions, and beliefs of SiLLC and/or its members. Due to various risks and uncertainties, actual results may differ materially from those reflected or contemplated in such forward-looking statements or in any of the case studies or forecasts. All references to SiLLC’s advisory activities relate to The SiLLC Assembly International.
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