CleanCore Solutions, Inc. (NYSE American: ZONE) has acquired an additional 100 million Dogecoin (DOGE), bringing its total holdings to over 600 million DOGE, valued at more than $161 million. This move is part of the company's aggressive strategy to build its Official Dogecoin Treasury, with a goal of accumulating 1 billion DOGE within the next 30 days.
The cleaning technology firm's long-term ambition is even more substantial: to acquire up to 5% of Dogecoin's circulating supply, which would amount to approximately 7.5 billion DOGE based on the current supply of nearly 160 billion coins. The treasury initiative is backed by the Dogecoin Foundation and its commercial arm, House of Doge, which aims to drive adoption beyond the coin's meme origins and position it as a serious transactional currency and long-term reserve asset.
Since launching the treasury in early September, CleanCore has made rapid acquisitions, purchasing 285.4 million DOGE on September 8 and an additional 100 million on September 11. The market has responded positively, with DOGE's price rising from approximately $0.2417 to the $0.27–$0.30 range, reflecting a 25% increase since the treasury's inception. Over the past two weeks, DOGE is up 26%.
CleanCore's stock (ZONE) saw initial excitement, jumping as much as 9% on the news of the latest acquisition, though it later fluctuated and turned negative. Despite the stock being down around 35% on the week and nearly 39% on the month, the value of its DOGE treasury assets has been a counterbalancing force. The company's market cap now stands at over $45 million.
Notably, CleanCore's board is chaired by Alex Spiro, Elon Musk's personal lawyer, who defended Musk in a now-dropped $258 billion lawsuit filed by Dogecoin holders. The firm announced a $175 million PIPE (private investment in public equity) in early September to fund its treasury ambitions. Positive sentiment around a potential spot Dogecoin ETF in the U.S. is also contributing to the bullish momentum.