- CleanCore currently holds 710M DOGE worth about $174M after recent purchases.
- The company targets 1B DOGE using a disciplined treasury strategy.
- Partnership with Bitstamp by Robinhood ensures transparency and security.
CleanCore Solutions, Inc. (NYSE American: ZONE) has revealed that it has added over 710 million Dogecoin to its official corporate treasury.
The company’s growing digital asset reserve marks a significant step toward its ambitious target of holding 1 billion Dogecoin.
With this latest accumulation, CleanCore’s holdings are valued at approximately $173.9 million, based on Dogecoin’s current price of around $0.2455.
According to the company’s statement, the accumulation has been supported through a partnership with Bitstamp by Robinhood, which provides a regulated and transparent trading platform for the firm’s Dogecoin transactions.
A disciplined approach to its Dogecoin vision
CleanCore launched its official Dogecoin Treasury in early September, after raising about $175 million through a private placement.
The company has described its acquisition plan as disciplined and phased, focusing not only on growing its holdings but also on improving its market capitalisation relative to its net asset value (mNAV).
CEO Clayton Adams emphasised that CleanCore’s strategy aligns closely with the long-term vision of the Dogecoin Foundation and its corporate arm, House of Doge.
He said the firm’s approach “goes beyond a simple NAV play,” focusing instead on expanding Dogecoin’s utility and supporting broader adoption as a global digital asset.
And to execute its treasury strategy effectively, CleanCore has entered into a strategic alliance with Bitstamp USA, designating Bitstamp by Robinhood as its primary trading venue.
The partnership is designed to enhance transparency, safeguard token holdings, and ensure secure treasury operations.
CleanCore’s leadership believes these partnerships are key to building a sustainable and compliant framework for corporate digital asset management.
The company has also highlighted that friends, family, and House of Doge insiders hold a significant portion of its registered shares, which remain restricted or locked up.
In addition, CleanCore is working closely with the US Securities and Exchange Commission (SEC) to register the private placement shares while keeping a close eye on short interest in its stock.
Focusing on long-term value and responsible scaling
Despite recent market volatility, CleanCore has reaffirmed its commitment to scaling its treasury responsibly.
The company’s strategy focuses on transparency, resilience, and sustainable growth, aiming to strengthen shareholder value while maintaining financial flexibility.
CleanCore’s current holdings include more than $20 million in unrealised gains, and management says it retains enough liquidity to continue acquiring Dogecoin.
Industry analysts, however, remain divided on the importance of mNAV as a measure of a company’s health in the digital asset space.
Greg Cipolaro, global head of research at NYDIG, recently argued that mNAV overlooks firms with broader business operations beyond simply holding crypto assets.
Meanwhile, Standard Chartered has warned that smaller crypto treasury firms may face risks of overexposure, predicting possible consolidation in the sector if mNAV levels stay low.
Market reaction and outlook
Following the announcement, CleanCore’s stock closed Tuesday down 8.44% at $2.06, with a slight recovery in after-hours trading to $2.09.
While some investors appear cautious about the company’s exposure to digital assets, others view the Dogecoin treasury as a forward-looking step that could enhance long-term value if Dogecoin adoption continues to rise.
For Dogecoin (DOGE), the news has had little to no impact on its bearish market sentiment.
At press time, DOGE traded at $0.2461 on CoinMarketCap, down 5.32% over the last 24 hours and almost erasing all of last month’s gains.
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