CleanCore Strengthens Its Dogecoin Position
CleanCore Solutions Inc. (ZONE) has significantly expanded its Dogecoin (DOGE) treasury, revealing holdings of more than 710 million tokens, as part of its long-term plan to reach 1 billion DOGE. At current market prices near $0.246, the company’s Dogecoin portfolio is valued at around $173.9 million, marking an unrealized gain of over $20 million.
Despite these ambitions, ZONE’s stock fell 8.44% to $2.06 on Tuesday, recovering slightly in after-hours trading to $2.09. The market reaction reflects ongoing investor caution toward companies heavily exposed to volatile digital assets.
The firm said its acquisition strategy is supported by Bitstamp by Robinhood, ensuring liquidity and transparency in the process. CleanCore recently secured $175 million through a private placement on September 5, providing additional capital to expand its digital asset reserves.
Building Value Beyond Accumulation
While many corporate treasuries in the crypto sector focus purely on token accumulation, CleanCore emphasized a broader strategy. The company said it intends to grow its holdings “responsibly with transparency and resilience,” with a focus on enhancing its market capitalization relative to net asset value (mNAV) and strengthening shareholder value.
“Our strategy aligns with the long-term vision of insiders and the House of Doge,” said CleanCore CEO Clayton Adams, adding that the initiative seeks to expand Dogecoin’s utility and encourage wider adoption as a global payment and digital asset network.
Market analysts continue to debate the relevance of mNAV for crypto treasury firms. Greg Cipolaro, head of research at NYDIG, recently noted that mNAV “fails to capture operational diversity and underrepresents companies with convertible debt exposure.”
Standard Chartered echoed similar concerns, warning that smaller firms could face overexposure risks if the digital asset market experiences further corrections. The bank predicts a wave of industry consolidation, where stronger players may absorb weaker rivals with distressed treasuries.
Dogecoin’s Institutional Momentum Grows
CleanCore’s expansion follows the launch of the first Dogecoin-based exchange-traded fund, the REX-Osprey DOGE ETF (DOJE), which debuted with $6 million in first-day trading volume. The event underscores growing institutional confidence in Dogecoin’s evolving role as an investable digital asset.
As CleanCore advances toward its 1 billion DOGE goal, the company positions itself among a small group of publicly traded firms using crypto reserves as strategic treasury assets, signaling a shift toward mainstream adoption in corporate finance.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.