CleanCore Solutions said it acquired 285,420 DOGE — roughly $68 million — sending the microcap company’s stock up about 38% in after-hours trading.
The purchase follows a recent $175 million capital raise that included backers such as MOZAYYX, Pantera, GSR and FalconX. In a company statement, CleanCore said it plans to build its DOGE holdings to 1 billion tokens within 30 days, and ultimately hopes to hold about 5% of total Dogecoin supply.
Why this matters: a public company making a large, explicit allocation to an altcoin highlights growing institutional and corporate interest in using cryptocurrencies as treasury or strategic assets. While 285,420 DOGE is a meaningful stake for CleanCore, the company’s stated 1 billion target would represent a far larger footprint in the DOGE market and could influence investor sentiment and secondary-market dynamics if executed.
Dogecoin’s price showed modest strength alongside the announcement, trading roughly 7% higher over the prior 24 hours at the time of reporting. CleanCore’s move also underscores the role of fresh capital — the recent $175M raise — in enabling rapid crypto accumulation by smaller public firms.
Risk note: corporate crypto purchases carry market and liquidity risks. Dogecoin remains volatile, and concentrated company holdings can amplify share-price swings or expose treasuries to token-specific shocks. Investors should evaluate CleanCore’s broader balance sheet, disclosure practices and financing sources before drawing conclusions.
Source: CleanCore Solutions press release. Read the original coverage for full details.
