CleanCore Solutions reached an important milestone in its DOGE accumulation plan by announcing the acquisition of over 500 million tokens.
CleanCore's Strategy for DOGE Accumulation
CleanCore Solutions, a producer of aqueous ozone cleaning systems, has reached the halfway mark in its ambitious plan to build a 1 billion Dogecoin (DOGE) treasury. The company announced that it purchased an additional $130 million worth of DOGE, bringing its holdings to over 500 million tokens.
"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 and CEO of House of Doge.
Market Reaction to CleanCore's Moves
CleanCore became the first publicly traded company to create a DOGE treasury in partnership with the Dogecoin Foundation and House of Doge. Early in September, the company announced plans to raise $175 million via private placement for acquiring DOGE. This announcement led to a 60% drop in its stock price. However, the placement closed successfully, signaling investor confidence in its long-term strategy.
Despite recent price fluctuations, CleanCore’s shares ended Thursday’s session at $3.98, down slightly by 0.25%, but surged 11.81% in after-hours trading to close at $4.45.
DOGE ETF Launch Delay
Meanwhile, the first spot DOGE ETF, the Rex-Osprey Doge ETF (DOJE), has faced another postponement. Originally scheduled for launch on Thursday, it was delayed to Friday. According to Bloomberg ETF analyst Eric Balchunas, the DOGE ETF is now expected to roll out sometime next week.
With CleanCore’s aggressive DOGE accumulation and pending ETF developments, Dogecoin’s profile as a reserve and transactional asset continues to rise.
