CleanCore Holds 710M DOGE Amid $175M Funded Push to 1B

CleanCore Holds 710M DOGE Amid $175M Funded Push to 1B
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CleanCore Holds 710M DOGE Amid $175M Funded Push to 1B
Image source: CoinToday
- CleanCore accumulates 710 million DOGE, valued at approximately $188 million. - Acquisition strategy funded by a $175 million private placement, aiming for 1 billion DOGE in reserves. On October 7, 2025, CoinDesk reported that CleanCore Solutions' Dogecoin treasury now holds 710 million DOGE. These holdings are worth approximately $188 million and mark a significant step in the firm's plan to amass 1 billion DOGE in reserves. To fund its acquisition strategy, the company finalized a $175 million private placement in September 2025. This funding, still awaiting SEC registration, underscores CleanCore’s dedication to strengthening its Dogecoin holdings and the cryptocurrency's ecosystem. CleanCore noted its long-term strategy aligns with the objectives of the Dogecoin Foundation and its corporate partner, the House of Doge, as the collaboration aims to enhance Dogecoin's stability and utility through professional treasury governance. The firm also disclosed unrealized gains exceeding $20 million from its DOGE holdings. In addition, individuals and institutions linked to the Dogecoin Foundation and CleanCore hold lock-up agreements that restrict a portion of equity from the private placement by prohibiting its sale or transfer during the lock-up period. CEO Clayton Adams reaffirmed the company’s focus on advancing Dogecoin’s utility as a cornerstone of its strategy, viewing treasury governance as essential to fostering the cryptocurrency's stability and long-term growth. According to CoinMarketCap on October 7, Dogecoin (DOGE) traded at $0.253 as of 15:13 UTC, representing a 4.60% dip in 24-hour trading volume.
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Published
2025-10-07 15:20
NFT ID
PENDING
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