280 million dogecoins flooded CleanCore’s treasury
CleanCore Solutions, a cleaning and disinfection company listed on the stock exchange under the ticker ZONE, acquired 285,420,000 dogecoin (DOGE), equivalent to about $68 million.
The operation consolidates a treasury of the memecoin, backed by the Dogecoin Foundation, with the aim of accumulating DOGE strategically in the face of an expected greater adoption and utility, the company announced today.
This new treasury, managed alongside House of Doge, the corporate arm of the Dogecoin Foundation, became the largest DOGE digital asset treasury in less than a week.
The company set an initial goal to acquire up to 1 billion DOGE in the next 30 days, a step toward its long-term goal of controlling 5% of the cryptocurrency’s circulating supply, which currently stands at 150 billion DOGE.
Meanwhile, House of Doge plans to boost demand for DOGE with initiatives focused on practical use cases, such as payments, tokenization, staking-like products, and global remittances. These actions seek to position Dogecoin as a leading cryptocurrency for everyday use.
The acquisition was financed with the $175 million raised, announced last week, through a private placement. Although initially the news caused a drop in CleanCore’s share price as per the report, the picture partially changed after today’s announcement. CleanCore’s stock price in the last week. Source: TradingView.
The company’s shares rose from $3.4 to $5.3 at market open, and are currently trading at $4.45, reflecting a 23% increase over the past 24 hours.
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