Neptune Digital Assets disclosed holdings of approximately 427 Bitcoin and 37,900 Solana on October 29, 2026, while outlining how it is managing its SpaceX equity exposure and an options strategy designed to generate cash premiums.
Bitcoin and Solana remain part of the reserve
In its company treasury update, Neptune said it continues to hold significant quantities of both leading digital assets. The disclosure provides unit counts rather than a guaranteed current market value, which changes with the prices of BTC and SOL.
The update reflects a dual approach involving blockchain assets and frontier-technology equity. It does not mean the company purchased all the disclosed cryptocurrency on October 29 or that the entire balance is available for immediate trading.
SpaceX shares become more freely tradable
The Vancouver-based company reported approximately 112,000 freely tradable SpaceX shares, up from the 29,879 shares it reported in August 2026. Neptune attributes the increase to shares becoming available as lock-up restrictions expire following SpaceX’s public listing.
Freely tradable shares provide more flexibility, but they do not automatically translate to realized profits or cash flow. Their value changes with the stock price and any decision to sell.
Covered calls generate reported premiums
Neptune says a covered-call options strategy on part of its SpaceX position has generated approximately C$320,000 in premiums since August 2026. It reported options covering about 60,000 shares with average strike prices of US$206.
Selling covered calls can generate income from option premiums but may also cap gains on the shares subject to those contracts if the stock rises above the relevant strike prices. The reported premiums should not be described as net profits without considering all related position outcomes and expenses.
What the balance-sheet strategy means
The company frames its approach around retaining exposure to crypto and technology assets while finding ways to fund operations without relying entirely on share issuance. Investors evaluating the strategy need to consider concentration risk across volatile assets, derivatives exposure, liquidity needs and financing obligations.
Neptune’s announcement contains forward-looking statements about its plans, which may not occur as anticipated. The cryptocurrency figures are company-reported holdings, not independently audited wallet balances in the announcement.
For crypto-market readers, the most directly verifiable new information is the disclosed 427 BTC and 37,900 SOL position, with the equity and options details providing wider context on Neptune’s treasury management.
Primary source: Official source material. This report distinguishes October 29 developments from previously announced facts.
