CleanCore Solutions (NYSE American: ZONE) has purchased 285,420,000 dogecoin—about $68 million at current prices—launching what it calls the “Official Dogecoin Treasury” backed by the Dogecoin Foundation’s corporate arm, House of Doge. The company set an initial accumulation target of 1 billion DOGE within 30 days and reiterated a longer-term objective to secure 5% of the circulating supply.
“Our treasury strategy is aligned with the forward-looking vision of House of Doge, where increased utility is expected to translate into broader adoption,” Margiotta added. Adams stated that the program provides “regulated, transparent exposure to DOGE” for public-market investors.
The 1-billion-DOGE near-term goal equates to roughly 0.66% of supply, and the longer-term 5% objective implies ~7.54 billion DOGE, based on recent circulating-supply estimates near 150.86 billion. At a spot price around $0.236–$0.24, the 30-day target would be notionally valued at ~$237–$240 million.
Market reaction has been swift. CleanCore shares jumped after hours on Monday following disclosure of the $68 million initial buy, rebounding from a sharp drop when the financing plan was first unveiled on Sept. 2. The stock is up 8.4% yesterday and 30% over the past 5 days.
For Dogecoin, the scale is non-trivial but not dominant. With DOGE trading near $0.236–$0.24 and circulating supply around 150.86 billion, CleanCore’s initial tranche represents roughly 0.19% of supply; the 1-billion-DOGE 30-day target would lift that footprint to ~0.66%. Whether the foundation-backed structure affects liquidity or price formation will depend on execution speed, sources of liquidity, and how the treasury’s governance framework interfaces with counterparties—areas where the parties say House of Doge and 21Shares will provide oversight and reporting.
At press time, DOGE traded at $0.23597.
Featured image created with DALL.E, chart from TradingView.com
