CleanCore Stock Rises 11% After Hours as Company Reaches 500 Million Dogecoin in Treasury

TLDR

CleanCore Solutions reaches halfway to its 1 billion Dogecoin target after buying $130 million in DOGE Company now holds over 500 million DOGE tokens and aims to control 5% of circulating supply CleanCore stock jumped 11.81% in after-hours trading following the announcement First DOGE spot ETF launch delayed twice, now expected sometime next week DOGE price up 23% in past seven days as ETF approval approaches

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CleanCore Solutions has crossed the halfway mark of its ambitious 1 billion Dogecoin treasury target. The maker of aqueous ozone cleaning systems purchased $130 million worth of DOGE on Thursday.

🔥 LATEST: CleanCore Solutions doubles down on Dogecoin — now holding 500M+ $DOGE, halfway to its 1B $DOGE goal in just 30 days. 🚀🐕 pic.twitter.com/AozlybKdXB

— CNC Signal Global Inc. (@CNCSignalGlobal) September 12, 2025

The company announced it now holds over 500 million Dogecoin tokens. This follows Monday’s purchase of 285.42 million DOGE as part of its 30-day acquisition plan.

CleanCore was the first publicly traded company to establish a DOGE treasury. The partnership involves the Dogecoin Foundation and House of Doge.

“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 also serves as CEO of House of Doge, the commercial arm of the Dogecoin Foundation.

The company’s long-term goal is to secure up to 5% of Dogecoin’s circulating supply. This would position CleanCore as a leading digital asset treasury company.

Margiotta stated the company wants to “establish Dogecoin as a premier reserve asset while supporting its broader utility across payments, tokenization, staking-like products, and global remittances.” The strategy aims to advance Dogecoin’s role in global finance.

CleanCore announced plans to raise $175 million via private placement on September 3rd. The proceeds would fund DOGE purchases for its treasury.

The announcement caused CleanCore’s stock price to drop 60% initially. However, the company successfully closed its private placement on September 5th.

Market Response and Stock Performance

CleanCore shares closed Thursday’s regular trading at $3.98, down 0.25%. The stock rallied 11.81% in after-hours trading to reach $4.45.

CleanCore Solutions, Inc. (ZONE)

Despite recent volatility, ZONE stock is up 201.52% year-to-date. The stock has more than tripled in value during 2025.

For the June quarter, CleanCore reported revenue growth of 26% year-over-year. However, the company’s net profit margin declined 229% during the same period.

Retail sentiment on Stocktwits showed “extremely bullish” territory for CleanCore. Users expressed optimism about the company’s crypto strategy.

DOGE ETF Launch Faces Delays

The Rex-Osprey Doge ETF was originally scheduled to launch Thursday. This would mark the first spot DOGE exchange-traded fund.

Bloomberg ETF analyst Eric Balchunas announced the launch was delayed to Friday. The analyst later posted on X that DOJE faced another delay.

The ETF is now expected to launch sometime next week. Balchunas speculated Thursday as the likely launch date.

DOGE price has risen 23% over the past seven days according to CoinGecko. The token traded at $0.26 at the time of writing, up 5.6%.

CleanCore’s DOGE purchases come as more businesses add cryptocurrencies to their balance sheets. This trend was pioneered by MicroStrategy, whose Bitcoin holdings are valued at over $73.7 billion.

The Omaha, Nebraska-based company continues executing its digital asset treasury strategy. CleanCore aims to complete its 1 billion DOGE target within the next 30 days.

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