Cleancore has acquired 285,420,000 dogecoin, worth about $68 million, as part of its plan to launch an official treasury backed by the Dogecoin Foundation.
Publicly Traded Firm Cleancore Buys 285M Dogecoin to Launch Official Treasury
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Cleancore Eyes 5% of Dogecoin Supply With New Treasury Plan
The Omaha-based company, listed on the NYSE American under the ticker ZONE, said the purchase makes its dogecoin (DOGE) Treasury the largest single digital asset treasury holding dogecoin in less than a week of operations. The move comes alongside a stated goal of accumulating 1 billion dogecoin within the next 30 days.
Cleancore said the long-term strategy is to secure as much as 5% of dogecoin’s circulating supply. The initiative reflects confidence that the cryptocurrency will expand in adoption and utility, particularly as the Dogecoin Foundation’s corporate arm, House of Doge, begins rolling out new initiatives.
House of Doge plans to introduce use cases tied to payments, tokenization, staking-style products, and remittances. The group argues that these applications will establish dogecoin as a leading currency for everyday use. Cleancore’s stock jumped over 8% to close on Monday, and it is up 13.9% over the past five trading sessions.
Marco Margiotta, Cleancore’s chief investment officer and CEO of House of Doge, said the company’s treasury was designed “to capture the value of Dogecoin’s ability to serve as the people’s currency.” He added that greater utility is expected to support broader adoption globally.
Alongside its digital asset activity, Cleancore continues to operate in its core sector of cleaning and disinfection technology. The company develops patented aqueous ozone products designed to replace traditional cleaning methods with sustainable solutions. At press time on Tuesday, DOGE is up 5.6% against the U.S. dollar and 19% up for the week.
