This Penny Inventory Is Betting Huge on a Canine Memecoin That’s Not Dogecoin. Ought to You Purchase It Right here?

Penny inventory C2 Blockchain (CBLO) has considerably elevated its holdings of DOG (DOG) memecoin. In line with a current press launch, the corporate’s treasury now incorporates over 477 million DOG tokens, up from 406 million. The penny inventory claims to be the most important institutional holder of DOG in public markets, with all property held on the Kraken trade.

DOG differs from Dogecoin in that it operates immediately on Bitcoin’s (BTCUSD) blockchain by way of the Runes protocol, which was launched over the past Bitcoin halving. Not like most different memecoins, DOG options no insider allocation and generates charges that help Bitcoin miners with every transaction. CEO Levi Jacobson describes this as a part of a “long-term accumulation technique” to construct “DOG-backed fairness” for public markets.

Nevertheless, traders ought to strategy this funding with excessive warning. Memecoins are notoriously risky and speculative property, typically experiencing dramatic value swings based mostly on social media sentiment reasonably than elementary worth.

C2 Blockchain’s enterprise mannequin is actually tied to the corporate’s worth, which relies on a single digital asset with no confirmed long-term utility or widespread adoption. The penny inventory trades on over-the-counter (OTC) markets, which signifies restricted regulatory oversight and liquidity. Whereas DOG’s Bitcoin-native construction might provide technical benefits over different memecoins, it stays an experimental token with unsure prospects.

C2 Blockchain stays a particularly high-risk funding alternative that potential traders ought to strategy with warning. It operates with just about no significant income whereas burning money at an alarming price, making it a speculative wager reasonably than a conventional funding.

With simply $20,796 in money and $16,417 in cryptocurrency holdings as of March 31, 2025, CBLO reported an working lack of $100,611 for the quarter on income of solely $13 from staking rewards. Working bills skyrocketed from $3,980 to $100,624 year-over-year (YoY), whereas nine-month losses ballooned to $113,175 in comparison with $17,490 within the prior yr.