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CleanCore Solutions revealed that its Dogecoin treasury holdings are now worth $175 million, even as DOGE plunged 4% in the last 24 hours.
The company, listed on the New York Stock Exchange (NYSE), said in an Oct. 7 announcement that it holds more than 710 million DOGE, and aims to acquire 1 billion tokens. It added that it is sitting on an unrealized gain of $20 million on its DOGE holdings.
The largest meme coin by market cap trades at $0.2479 as of 4:35 a.m. EST, according to CoinMarketCap. DOGE is still up 4% in the past week and 6% over the past month.
CleanCore’s share price has climbed 2.4% in pre-market after plunging over 8% after the announcement yesterday, according to Google Finance. The stock has plummeted more than 41% over the past month.
CleanCore share price (Source: Google Finance)
CleanCore Has “Sufficient Cash” To Acquire More Dogecoin
In the statement, the company said that it raised around $175 million before expenses through a private placement on Sept. 5.
Following a series of continued purchases to gradually grow its DOGE holdings, CleanCore said that it still has “sufficient cash to keep acquiring Dogecoin” through its partnerships with crypto exchange BitStamp and the digital trading platform Robinhood.
The company added that its strategy goes beyond just accumulating DOGE, and that its aim is to carefully grow its treasury to bolster its long term market cap relative to net asset value (mNAV). While doing this, it said it will prioritize building shareholder value as it scales in a sustainable and transparent way.
Demand For Dogecoin Utility Expected To Soar
Dogecoin was the first meme coin to hit the market, and was initially created as a joke. But a community quickly formed around the token despite its lack of utility, leading to the creation of the meme coin space.
As the crypto market matures, there has been a growing number of calls for projects to offer investors and users in the Web3 space more utility.
CleanCore subsequently predicts that there will be a surge in “utility-driven demand for Dogecoin” in coming years, especially “as House of Doge advances initiatives to unlock real-world use cases.”
Earlier this year, the House of Doge partnered with CleanCore to establish a DOGE treasury. The two also entered into a “strategic alliance” with Bitstamp, and designated Bitstamp by Robinhood as the trading venue for the treasury.
Doing so “provides a secure, regulated platform for treasury transactions,” CleanCore said in its announcement.
That followed House of Doge’s announcement of the launch of an Official Dogecoin Reserve in March. As part of this reserve, it executed an initial purchase of 10 million DOGE in order to back liquidity and stability in the meme coin’s ecosystem.
The idea behind the Official Dogecoin Reserve is to act as a liquidity pool and a sort of buffer against price swings, which will make it easier for merchants to accept the meme coin for payments.
House of Doge has also partnered with 21Shares, which is a major issuer of crypto ETPs (exchange-traded products) to launch a series of DOGE ETPs.
The next phase for Dogecoin isn’t just technical, it’s structural.
🔸 Official Treasury reserve with Cleancore (ticker: ZONE)
🔸 Public-market vehicle (600M ÐOGE acquired to date)
🔸 Real-world payments + custody railsWe’re here to turn $DOGE from a meme into a permanent…
— House of Doge (@houseofdoge) September 24, 2025
Those initiatives, according to CleanCore, could position Dogecoin as “both a transactional currency and a long-term reserve asset.”
CleanCore said that it aims to align its treasury strategy 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.”
“Our approach goes beyond a simple NAV play,” said CleanCore CEO Clayton Adams. ”We are working closely with House of Doge to jointly advance the Dogecoin ecosystem through professional treasury governance, building the foundation for future yield-bearing opportunities, and supporting the long-term stability and utility of DOGE.”
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