- CleanCore buys 285 million DOGE and holds the largest Dogecoin treasury in the market.
- The company plans to reach 1 billion DOGE in 30 days using funds from a $175 million investment.
- DOGE price rises after the news while CleanCore shares jump 40% in after hours trading.
CleanCore Solutions, Inc., listed on the NYSE under the ticker ZONE, has acquired 285,420,000 Dogecoin. The purchase, valued at around $68 million, marks the official launch of its Dogecoin treasury. The move makes CleanCore the largest holder of Dogecoin in a corporate treasury. This acquisition took place within the first week of the treasury’s creation.
The company aims to secure 1 billion DOGE within the next 30 days. It also plans to hold 5% of the cryptocurrency’s circulating supply in the long term. This initiative is supported by the Dogecoin Foundation and its corporate partner, House of Doge.
Strategic Goals and Treasury Objectives
The treasury was established to promote real-world use cases for Dogecoin. CleanCore expects growth in utility through tokenization, digital payments, and global transfers. The treasury also supports staking-like products as part of its long-term vision.
Funding for this initiative came from a $175 million PIPE (private investment in public equity) round. Over 80 venture capital firms joined the raise, including Pantera, GSR, MOZAYYX, and FalconX. The capital will fund further DOGE acquisitions and corporate expansion. Recently, CleanCore shares fell over 60% after announcing a $175M Dogecoin treasury move led by Elon Musk’s attorney Alex Spiro.
CleanCore’s treasury is guided by House of Doge and 21Shares. The two serve as key advisors for the accumulation strategy. Timothy Stebbing, a Dogecoin Foundation director, also joined CleanCore’s board after the PIPE deal.
Impact on Market and Share Performance
CleanCore shares soared 40% in after-hours trading as a result of the announcement. The market capitalization of the company was approximately $50 million. DOGE also saw a price increase of 7%, rising to $0.24 by late afternoon.
Market analysts noted that DOGE broke out of a symmetrical triangle pattern before the news. The price now appears to be retesting former resistance, which could act as support. A successful bounce might push DOGE to $0.33 based on pattern projections.
With this momentum, CleanCore’s actions have drawn strong attention from both investors and analysts. The strategic nature of the purchase highlights growing interest in DOGE among institutional players.
Future Outlook and Broader Implications
The Dogecoin Foundation’s corporate arm expects continued growth in DOGE adoption. The treasury aims to capture value as more users adopt the asset for daily use. CleanCore’s holdings may influence how companies use crypto assets for reserves.
The first Dogecoin ETF may also launch soon, according to reports. REX Shares has filed a prospectus with the U.S. Securities and Exchange Commission for a Dogecoin exchange-traded fund. If approved, this could expand DOGE’s market reach further. CleanCore’s early move may position it ahead of a wider trend toward corporate DOGE adoption.
