C2 Blockchain Treasury Hits 1.1 Billion DOG Bitcoin Tokens

C2 Blockchain Inc. (OTC PINK:CBLO) has expanded its corporate treasury to 1,115,765,491 DOG tokens, a Bitcoin-native asset issued via the Runes protocol [1]. The accumulation marks an 11.4% increase in the company’s holdings since its previous disclosure, solidifying its position as one of the largest public holders of the asset [1].

Treasury expansion and Runes protocol

The latest acquisition of approximately 114.5 million tokens follows a period of rapid growth for the firm’s digital asset portfolio [1]. As of March 9, 2026, the company held 803,189,960 DOG, meaning the firm has added over 312 million tokens to its balance sheet in the months since [2]. C2 Blockchain manages these assets under a framework that considers capital availability, market liquidity, and regulatory developments [1]. The company’s holdings are custodied with Kraken and remain independently verifiable on the public Bitcoin blockchain [1].

DOG is a fungible asset layer built directly on the Bitcoin base layer using the Runes protocol, which was introduced during the April 2024 Bitcoin halving [1]. By utilizing Bitcoin’s native security and settlement infrastructure, the protocol allows for the issuance of assets without relying on secondary blockchains [1]. The company views these Bitcoin-native assets as an emerging segment of blockchain infrastructure and intends to continue evaluating acquisitions consistent with its capital allocation strategy [1].

Financial reporting and market context

C2 Blockchain accounts for its digital assets in accordance with U.S. generally accepted accounting principles (GAAP) [1]. Because these assets are subject to fair value measurement, the company noted that fluctuations in market prices may impact its reported financial results in future periods [1]. While the company maintains a public treasury dashboard to provide transparency, it cautioned that its forward-looking statements regarding future acquisitions are subject to risks, including market volatility and changes in regulatory policies [1].

What to watch

• Market Volatility: As the company reports holdings under GAAP, monitor how future price swings in the DOG token affect the firm’s quarterly financial disclosures [1].
• Regulatory Shifts: Watch for updates in U.S. accounting standards or digital asset regulations that could alter how the company reports or manages its treasury [1].
• Network Activity: Track transaction volume on the Bitcoin network, as the Runes protocol’s utility and development of related infrastructure may influence the long-term strategic value of the company's holdings [1].

The company’s ability to maintain its treasury strategy depends on its ongoing assessment of market conditions and capital requirements [1]. Whether the firm continues to prioritize the accumulation of Bitcoin-native assets remains a key indicator of its long-term commitment to the Runes ecosystem [1].