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dogecoin

CleanCore’s Dogecoin Treasury Tops 710 Million As Firm Targets 1 Billion DOGE

Ash Tiwari
by Ash Tiwari
8 hours ago
·
Posted in Dogecoin
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

New York Stock Exchange-listed (NYSE) CleanCore Solutions (ZONE) today announced that its Dogecoin (DOGE) treasury had topped 710 million DOGE. The company currently holds more than $20 million in unrealized gains.

CleanCore Dogecoin Reserves Hit 710 Million DOGE

According to an official announcement earlier today, CleanCore’s Dogecoin holdings have now surpassed 710 million DOGE, making it one of the largest DOGE-holding public companies in the world. 

Related Reading: MARA Boosts Bitcoin Reserves By 373 BTC In September, Surpasses $6 Billion In Holdings

The company added that it holds approximately $20 million in unrealized gains and has “sufficient cash” to continue acquiring DOGE tokens. Notably, the firm aims to accumulate a total of 1 billion DOGE.

It is worth recalling that CleanCore Solutions started its DOGE acquisition strategy on September 5. At the time, the company used proceeds from a $175 million private placement, backed by House of Doge and Dogecoin Foundation.

The company says that it follows a “disciplined and phased approach to growing its Treasury” and that its focus is not only to increase its DOGE holdings but also to drive long-term value creation, which will help increase shareholder value. Commenting, Clayton Adams, CEO, CleanCore Solutions, said:

Our Treasury strategy is closely aligned with the long-term vision of insiders and the House of Doge, which emphasizes expanding utility as a catalyst for broader adoption and sustained demand for Dogecoin as a global digital asset. Friends, family, and the House of Doge currently hold a significant portion of the shares filed for registration, which are currently restricted and/or locked-up. In addition to working with the SEC to get the private placement shares registered in a timely manner, we are actively monitoring the short interest in our stock carefully.

The firm added that it foresees an increase in the utility of Dogecoin, as the House of Doge works toward unlocking real-world use-cases for the digital asset. As a result, DOGE will eventually be used as both a transactional currency and a long-term reserve asset.

Following today’s announcement, CleanCore’s shares are down 6.2%, trading at $2.10 at the time of writing. However, ZONE is up an impressive 91.3% over the past six months.

cleancore
Source: Yahoo! Finance

More Altcoins See Corporate Adoption

Beyond Bitcoin (BTC) and Ethereum (ETH), the top two cryptocurrencies by market cap, an increasing number of other altcoins are experiencing corporate treasury adoption this year.

Related Reading: Ethereum Treasuries “Propped Up” By $6 Billion In Korean Retail Money, Says Crypto Founder

For instance, tech firm VisionSys AI recently shared plans to buy $2 billion worth of Solana (SOL). Similarly, another firm announced that it aims to acquire $1 billion worth of Avalanche (AVAX) tokens.

Meanwhile, leading USD-pegged stablecoin issuer Tether recently purchased $1 billion worth of BTC, increasing its total holdings to 10,940 coins. At press time, Dogecoin trades $0.251, down 5.8% in the past 24 hours.

dogecoin
DOGE trades at $0.251 on the daily chart | Source: DOGEUSDT on TradingView.com
Featured image from Unsplash.com, charts from Yahoo! Finance and TradingView.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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Ash Tiwari

Ash Tiwari

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Ash is a seasoned freelance editor and writer with extensive experience in the blockchain and cryptocurrency industry. Over the course of his career, he has contributed to major publications, playing a key role in shaping informative, timely content related to decentralized finance (DeFi), cryptocurrency trends, and blockchain innovation. His ability to break down complex topics has allowed both seasoned professionals and newcomers to the industry to benefit from his work. Beyond these specific roles, Ash's writing expertise spans a wide array of content, including news updates, long-form analysis, and thought leadership pieces. He has helped multiple platforms maintain high editorial standards, ensuring that articles not only inform but also engage readers through clarity and in-depth research. His work reflects a deep understanding of the rapidly evolving blockchain ecosystem, making him a valuable contributor in a field where staying current is essential. In addition to his writing work, Ash has developed a strong skill set in managing content teams. He has led diverse groups of writers and researchers, overseeing the editorial process from topic selection, approval, editing, to final publication. His leadership ensured that content production was timely, accurate, and aligned with the strategic goals of the platforms he worked with. This has not only strengthened his expertise in content strategy but also honed his project management and team coordination skills. Ash's ability to combine technical expertise with editorial oversight is further bolstered by his knowledge of blockchain analysis tools such as Etherscan, Dune Analytics, and Santiment. These tools have provided him with the data necessary to create well-researched, insightful articles that offer deeper market perspectives. Whether it’s tracking the movement of digital assets or analyzing blockchain transactions, his analytical approach adds value to the content he produces, ensuring readers receive accurate and actionable information. In the realm of content creation, Ash is not limited to just cryptocurrency markets. He has demonstrated versatility in covering other emerging technologies, market trends, and digital transformation across various industries. His in-depth research, coupled with a sharp editorial eye, has made him a sought-after professional in the freelance writing community. From developing editorial calendars to managing content delivery schedules, he has honed a meticulous approach to project management that ensures timely, high-quality work delivery. Throughout his freelance career, Ash has consistently focused on improving audience engagement through well-researched, insightful, and relevant content. His ability to adapt to the evolving needs of clients, whether it's enhancing the visibility of digital platforms or producing thought-provoking pieces for a wide range of audiences, sets him apart as a dynamic force in the field of digital content creation. His contributions have helped to shape a well-rounded portfolio that showcases his versatility, technical expertise, and dedication to elevating the standards of journalism in blockchain and related sectors.

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