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- CleanCore now holds over 500M DOGE after a $130M purchase, halfway to its 1B goal.
- ZONE stock rallied nearly 12% after hours as DOGE gained 23% weekly.
- The first DOGE ETF has been delayed again and is now expected next week.
CleanCore Solutions, a maker of aqueous ozone cleaning systems, has reached the halfway mark in its ambitious plan to acquire 1 billion Dogecoin (DOGE) for its corporate treasury. The milestone comes as the first DOGE spot exchange-traded fund (ETF) faces multiple launch delays but is now expected to debut next week.
$130M DOGE Buy Pushes Treasury Past 500 Million
As per Thursday’s announcement , CleanCore revealed it purchased $130 million worth of DOGE, pushing its total holdings beyond 500 million tokens. Earlier in the week, the company bought 285.42 million DOGE, part of its plan to acquire 1 billion tokens within 30 days.
“Crossing the 500 million DOGE threshold demonstrates the speed and scale at which ZONE is executing its treasury strategy,” said CleanCore’s chief investment officer Marco Margiotta, who also serves as CEO of House of Doge, the commercial arm of the Dogecoin Foundation.
Margiotta added that the company aims to “establish Dogecoin as a premier reserve asset while supporting its broader utility across payments, tokenization, staking-like products, and global remittances.”
Raising Capital Despite Volatility
CleanCore became the first publicly traded company to establish a DOGE treasury in partnership with the Dogecoin Foundation and House of Doge. On Sept. 3, it announced plans to raise $175 million via private placement to fund its DOGE purchases. While the news initially caused ZONE stock to crater 60%, the offering closed successfully on Sept. 5, enabling the latest large-scale buys.
DOGE has rallied nearly 23% over the past seven days, according to CoinGecko, adding momentum to CleanCore’s strategy.
ZONE Stock Jumps in After-Hours Trading
CleanCore shares (ZONE) ended Thursday’s session at $3.98, down 0.25%, but surged 11.81% in after-hours trading to $4.45, according to Google Finance. Despite recent volatility, the stock remains up over 201% year-to-date.
For the June quarter, CleanCore reported revenue growth of 26% year-over-year, though its net profit margin declined by 229% during the same period.
Also Read: XRP ETFs Could Smash Records With $5B Inflows—Bigger Than Bitcoin and Ethereum
DOGE ETF Launch Now Expected Next Week
The Rex-Osprey Doge ETF (DOJE) was initially slated to launch Thursday, then delayed to Friday. Bloomberg ETF analyst Eric Balchunas said in an X post that the debut has been pushed again and is now expected next week, possibly Thursday.
With more than 500 million DOGE already secured, CleanCore is accelerating its high-stakes bet on Dogecoin as it awaits the first DOGE spot ETF launch. If the ETF draws institutional inflows as expected, the company could be well positioned to benefit from the next phase of DOGE adoption.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
