CleanCore Solutions Advances Toward 1 Billion Dogecoin Treasury Goal
CleanCore Solutions, a company specializing in aqueous ozone cleaning systems, has surpassed the halfway point in its plan to accumulate a treasury of 1 billion Dogecoin (DOGE). On Thursday, the firm announced it had acquired more than 500 million DOGE, following a recent purchase of 285.42 million tokens earlier in the week.
The company’s objective is to hold approximately 5% of Dogecoin’s circulating supply, positioning DOGE as a key reserve asset. Marco Margiotta, CleanCore’s Chief Investment Officer and CEO of House of Doge—the commercial arm of the Dogecoin Foundation—highlighted the rapid execution of their treasury strategy. Margiotta emphasized the company’s commitment to supporting Dogecoin’s broader utility in payments, tokenization, staking-like products, and global remittances.
Funding and Market Response
CleanCore became the first publicly traded company to establish a DOGE treasury in collaboration with the Dogecoin Foundation and House of Doge. Earlier this month, on September 3, CleanCore announced a $175 million private placement to finance its Dogecoin purchases. The news initially triggered a 60% plunge in the company’s stock price. However, the private placement successfully closed two days later.
Despite the initial volatility, CleanCore’s shares (traded under the ticker ZONE) ended Thursday’s session slightly lower at $3.98 but surged nearly 12% in after-hours trading to $4.45. Year-to-date, the stock has gained over 200%. For the June quarter, CleanCore reported a 26% increase in revenue year-on-year, though its net profit margin declined by 229% over the same period.
Dogecoin Market and ETF Update
Dogecoin’s price has experienced a nearly 23% increase over the past seven days, according to CoinGecko data. Meanwhile, the much-anticipated launch of the Rex-Osprey Doge ETF (DOJE), the first spot Dogecoin exchange-traded fund, has been postponed. Initially expected to debut on Thursday, Bloomberg ETF analyst Eric Balchunas indicated via social media that the launch has been delayed until sometime next week, with a potential rollout on Thursday.
FinOracleAI — Market View
CleanCore’s aggressive accumulation of Dogecoin signals strong institutional interest in DOGE as a reserve asset, potentially boosting market confidence in the token’s long-term utility. The significant private placement backing the purchases underscores serious commitment but also introduces dilution and execution risks, as reflected in recent stock volatility. Investors should monitor CleanCore’s treasury build-out progress, DOGE price movements, and regulatory developments surrounding the delayed DOGE ETF launch, which could serve as a catalyst for further market momentum.
Impact: positive
