Neptune Digital investing in Elon Musk businesses, says H.C. Wainwright

Core Viewpoint - H.C. Wainwright maintains a Buy rating on Neptune Digital (NPPTF) with a price target of C$3, highlighting the company's significant growth in digital currency assets and strategic investments in technology sectors [1]. Group 1: Financial Performance - Neptune's digital currency balance increased over 100% in the past fiscal year, reaching C$70.2 million [1]. - The company reported a record profit of $22.8 million, driven by its investments in cryptocurrency and frontier technology [2]. Group 2: Strategic Initiatives - Neptune is enhancing its private equity investments, particularly focusing on initiatives led by Elon Musk, including SpaceX and xAI [1]. - The firm is expanding its technology investments by acquiring a strategic stake in AI innovator xAI Corp [2]. Group 3: Investment Appeal - H.C. Wainwright believes Neptune provides a unique investment opportunity by combining exposure to cryptocurrency with fast-growing technology companies in prominent sectors [1].