Neptune Digital Assets Reports Positive Net Income in Q1 2023 and Increases Crypto Holdings

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.

Check out the full details here: https://neptunedigitalassets.com/neptune-digital-assets-announces-comprehensive-net-income-of-2-7-million-in-q2/


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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.

The SiLLC Assembly has been in an aggressive build-up phase since 2020

UK, Preston, Feb. 08, 2023

The SiLLC Assembly (TSA) has almost quintupled its investments. Markus Schronen explained in a message to members of TSA on Monday that the portfolio has been continuously expanding  since 2020, and that the market consolidation phase is used almost monthly to expand existing positions and to find opportunities for new ones.

This trend will continue during this type of market. Monthly cash deposits make it easier to expand the investment portfolio.

According to Board Chair and Assembly Consultant Markus Schronen, Portfolio Management as the Lead Investment and Risk Manager is now the responsibility of TSA Assembly Head, Martin Schuetz.

Due to the investment focus on new technologies and digital assets, TSA continues to expect highly active volatility in all directions. This will certainly not decrease in the future due to political world events, climate events, and pandemics. Therefore, it is essential to constantly analyze our active risk management.

Thanks to TSA’s stable financial situation, 10% of the investment sum is still being donated, mostly to animal welfare organizations, Markus Schronen continues. He adds that the next few years will be pivotal for TSA, including new collaborations and ventures.


 

Disclaimer

This document contains forward-looking statements based on the current estimates and assumptions made by the assembly team of SiLLC. These statements use words such as expect, intend, plan, predict, assume, believe, estimate, anticipate, forecast, and similar formulations, but they should not be understood as in any way guaranteeing that those expectations will turn out to be accurate. Future performance and the results achieved by SiLLC and its affiliated groups depend on several risks and uncertainties, and may, therefore, differ materially from the forward-looking statements. Many of these factors are outside SiLLC’s control and cannot be estimated in advance, such as the future economic environment and the actions of competitors and others involved in the marketplace. SiLLC does not plan or undertake to update forward-looking statements.

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. It contains general information only and is not intended to represent 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, 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, case studies, or forecasts. All references to SiLLC’s advisory activities relate to SiLLC International.


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