Dogecoin treasury firm CleanCore adds 100 million more DOGE, sends total past 600 million
Quick Take
- CleanCore Solutions has acquired another 100 million Dogecoin, lifting its treasury holdings above 600 million DOGE.
- The company is aiming to reach 1 billion DOGE in the near term and has a longer-term goal of accumulating up to 5% of the token’s circulating supply.
CleanCore Solutions (ticker ZONE), which bills itself as the "official" Dogecoin treasury and a cleaning technology firm, has purchased another 100 million DOGE (currently worth about $26.6 million) — its third buy in a week — bringing total holdings to more than 600 million.
The NYSE American–listed company, which launched its $175 million Dogecoin treasury earlier this month, said Tuesday it is on track to reach 1 billion DOGE within 30 days. Longer term, CleanCore aims to acquire up to 5% of Dogecoin’s circulating supply.
Backed by the Dogecoin Foundation and its corporate arm House of Doge, CleanCore says its strategy is to position Dogecoin as a reserve asset while supporting its wider use in payments, tokenization, remittances, and staking-like products.
Earlier this month, Dogecoin Foundation director Timothy Stebbing said the new treasury represents a key step toward driving institutional adoption of Dogecoin. "By laying the groundwork for institutions through treasury and ETFs with 21Shares we are building underlying legitimacy as a serious currency beyond Dogecoin's meme-inspired origins," he said at the time.
CleanCore's third DOGE buy this week
CleanCore first bought 285.4 million DOGE on Sept. 8 to launch the treasury, and three days later, its holdings surpassed 500 million with another buy. Since the treasury’s launch earlier this month, Dogecoin’s price has climbed more than 25% and is now trading at about $0.26, according to The Block’s DOGE price page.
CleanCore shares are up over 9% today at around $2.94, giving the company a market capitalization of over $45 million.
The CleanCore Dogecoin treasury was established through a private placement offering backed by investors including Pantera, GSR, FalconX, and Borderless. Elon Musk’s personal lawyer, Alex Spiro, chairs CleanCore’s board.
Other public firms holding DOGE on their balance sheets include Bit Origin (BTOG) and Neptune Digital Assets (NDA.V).
While DOGE treasuries are growing, most digital asset treasury or DAT firms remain focused on Bitcoin, Ethereum, and Solana. Earlier this week, Standard Chartered said Ethereum is likely to benefit more than Bitcoin or Solana from the rise of DAT firms.
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