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NEW YORK - CleanCore Solutions, Inc. (NYSE American:ZONE), a small-cap company with a market value of $63.76 million, announced Thursday it has accumulated over 500 million Dogecoin in its Official Dogecoin Treasury, reaching the halfway point toward its initial target of acquiring 1 billion DOGE within 30 days. The stock has shown remarkable momentum, delivering a 209.3% return year-to-date according to InvestingPro data.
The milestone follows the company’s previously announced purchase of 285.42 million DOGE. CleanCore established the Treasury in partnership with the Dogecoin Foundation and its corporate arm, House of Doge, with a long-term objective to secure up to 5% of Dogecoin’s circulating supply. InvestingPro analysis indicates the company operates with moderate debt levels and has achieved 29.15% revenue growth in the last twelve months.
"Crossing the 500 million DOGE threshold demonstrates the speed and scale at which ZONE is executing its treasury strategy," said Marco Margiotta, Chief Investment Officer of CleanCore and Chief Executive Officer of House of Doge.
The Treasury is being custodied on Bitstamp by Robinhood’s platform, according to the company’s statement. House of Doge claims it is developing initiatives focused on expanding Dogecoin’s utility across payments, tokenization, staking-like products, and global remittances.
CleanCore Solutions’ primary business involves cleaning and disinfection technologies using patented aqueous ozone technology, while House of Doge operates as the official corporate arm of the Dogecoin Foundation.
The company’s announcement represents a significant cryptocurrency investment for a publicly traded company listed on the NYSE American exchange, as stated in the press release.
In other recent news, CleanCore Solutions has announced a $175 million private investment in public equity (PIPE) financing to establish a Dogecoin treasury. This initiative involves investments from institutional and crypto-native investors, including MOZAYYX, Pantera, GSR, FalconX, and Borderless. Additionally, CleanCore Solutions disclosed a significant at-the-market (ATM) offering of up to $1.15 billion in class B common stock. The company entered into an amended sales agreement with Maxim Group LLC and Curvature Securities LLC to facilitate this offering. Furthermore, CleanCore Solutions has settled lawsuits with its former CEO, Matthew Atkinson, and Boustead Securities, LLC. As part of the settlement, CleanCore will issue 200,000 shares of its class B common stock to the James T. Coyle Legacy Trust. These recent developments highlight CleanCore Solutions’ strategic financial maneuvers and resolutions.
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