CleanCore boosts its Dogecoin treasury to 710M DOGE, targeting 1B as it pursues transparent, sustainable expansion in the crypto market.
CleanCore Solutions has become one of the biggest corporate holders of Dogecoin. The NYSE-listed company recently announced it has added over 710 million DOGE to its balance sheet.
It has a goal of reaching 1 billion tokens, and CleanCore has joined the list of companies aiming for crypto-focused treasuries.
CleanCore Solutions And Dogecoin
CleanCore reported that its Dogecoin holdings have now risen above 10 million tokens. At the current market price of around $0.245 per DOGE, the company’s holdings are worth approximately $173 million.
JUST IN: 🇺🇸 Publicly traded CleanCore now holds 710 million $DOGE worth $182 million, as it awaits SEC share registration. pic.twitter.com/JG5GY9W2Wi
— Whale Insider (@WhaleInsider) October 7, 2025
The company raised about $175 million through a private placement on September 5. This capital has been an important part of scaling its Dogecoin treasury. CleanCore said it is supported by its partnership with Bitstamp and Robinhood, which provide the means of purchasing the cryptocurrency.
CleanCore CEO Clayton Adams described the company’s approach as focused on “responsibility, transparency and resilience.” He noted that their strategy is in line with the House of Doge.
By this, it intends to expand the use cases of DOGE as a global digital asset.
Scaling the Treasury Beyond Simple Accumulation
Adams noted that CleanCore’s approach goes beyond simply stockpiling DOGE. The company wants to strengthen the relationship between its market cap and net asset value (mNAV).
This metric shows the company’s valuation, compared to its holdings and cash reserves.
CleanCore believes that careful scaling of its treasury will support shareholder value and provide stability over the long term. The company is attempting to combine treasury growth with strategic partnerships and responsible governance.
However, not everyone agrees with the emphasis on mNAV. Greg Cipolaro, global head of research at NYDIG, argued that the metric overlooks firms with diversified operations and does not properly account for factors like convertible debt.
Regulatory Progress and Shareholder Transparency
CleanCore is working with the US Securities and Exchange Commission to register shares tied to its recent private placement. These shares, which are currently restricted or locked up, are largely held by company insiders, early supporters and members of the House of Doge.
Adams pointed out the importance of transparency and stated that the company is monitoring short interest in its stock.
CleanCore’s focus on disclosure sets it apart from many digital asset treasuries, which typically limit their updates to simple holding announcements.
Market Performance and Investor Reactions
Shares of CleanCore Solutions, which trade under the ticker ZONE, closed 8.44% lower at $2.06 on Tuesday. The stock saw a modest recovery in after-hours trading, and edged up to around $2.09.
The market’s response shows a degree of caution, and investors are weighing the risks of concentrating so much capital in a single cryptocurrency.
Industry observers say that this strategy could deliver strong rewards if Dogecoin’s adoption expands. However, it also exposes the company to volatility. Standard Chartered has warned that smaller firms attempting to jump on the bandwagon could face overexposure. This could lead to intense pressure on their mNAVs.
