Small-cap firm CleanCore climbs after hoarding 500 million dogecoins

Shares of CleanCore ZONE.A rise 12.3% to $4.49 premarket

The cleaning supplies maker says its new corporate arm named House of Doge has now accumulated more than 500,000,000 dogecoin as a part of its corporate treasury plan

Says it is the halfway to its first milestone of acquiring 1 billion DOGE within 30 days

Co's heap of dogecoin, acquired after co closed private placement and also announced stock offering, is worth ~$143 million based on latest prices

ZONE's market value was $54.8 million as of last close

In the long term, co aims to secure 5% of dogecoin's total circulating supply, which CoinGecko estimates is about 150.9 billion

Bitstamp by Robinhood is the custodian for the tokens, ZONE said on Tuesday

Dogecoin DOGE=KRKN trades near a three-week high at $0.2876730; the token were worth about $39.2 billion, per CoinGecko

Conceived as a joke during an earlier crypto bubble, dogecoin has steadily gained popularity, partly due to the support of Tesla TSLA.O, and the world's richest man, Elon Musk

YTD, stock has tripled in value