- CleanCore Solutions has crossed the 500 million Dogecoin milestone in its treasury strategy, aiming to accumulate 1 billion DOGE and establish the token as a premier reserve asset.
- This aggressive accumulation comes as anticipation builds for the launch of the first spot Dogecoin ETF, though its debut has been delayed to next week.
CleanCore Solutions, a manufacturer of aqueous ozone cleaning systems, has hit a major milestone in its ambitious Dogecoin (DOGE) accumulation plan. The company confirmed Thursday that it has now crossed 500 million DOGE, halfway to its stated goal of building a 1 billion Dogecoin treasury within 30 days.
The latest purchase came after CleanCore bought $130 million worth of DOGE on Thursday, adding to the 285.42 million tokens it had already acquired earlier in the week.
In total, the company has moved swiftly to amass over half a billion DOGE in less than two weeks, underscoring what executives describe as a long-term commitment to positioning the meme-inspired cryptocurrency as a serious reserve asset.
“Crossing the 500 million DOGE threshold demonstrates the speed and scale at which ZONE is executing its treasury strategy,” said Marco Margiotta, CleanCore’s chief investment officer.
Margiotta, who also serves as CEO of House of Doge, the commercial arm of the Dogecoin Foundation, added that the company aims to hold 5% of DOGE’s circulating supply over the long term.
According to Margiotta, the strategy is about more than just holding coins. He emphasized that CleanCore intends to help bolster Dogecoin’s broader utility across payments, tokenization, staking-like financial products, and global remittances.
We want to establish Dogecoin as a premier reserve asset. he noted.
CleanCore Solutions became the first publicly traded company to establish a formal DOGE treasury through its partnership with the Dogecoin Foundation and House of Doge. Earlier this month, the company announced a $175 million private placement to fund the purchases, though the news initially spooked investors and caused its shares to drop by 60%.
The offering successfully closed on Sept. 5, providing the cash needed for its ongoing buying spree.
Meanwhile, Dogecoin itself has rallied nearly 23% over the past seven days, according to CoinGecko, giving added momentum to CleanCore’s accumulation drive.
CleanCore stock reacts
Shares of CleanCore Solutions (NASDAQ: ZONE) closed at $3.98 on Thursday, down 0.25% during regular trading. However, the stock gained nearly 12% in after-hours trading, closing at $4.45. Year-to-date, ZONE shares have surged more than 200%, though the company’s fundamentals have been mixed.
For the June quarter, CleanCore reported revenue growth of 26% year-over-year, but its net profit margin plunged 229% in the same period.
DOGE ETF launch delayed again
CleanCore’s milestone arrives just as Dogecoin’s long-awaited spot ETF nears launch. The Rex-Osprey Doge ETF (ticker: DOJE) was originally expected to debut this week, but Bloomberg ETF analyst Eric Balchunas reported Thursday that the launch has been delayed again. DOJE is now anticipated to roll out sometime next week, possibly on Thursday.
Between CleanCore’s aggressive buying and the impending ETF debut, Dogecoin is finding itself at the center of renewed investor attention, transforming the one-time joke cryptocurrency into a serious contender for mainstream adoption
