In the latest update on its official Dogecoin Treasury, CleanCore Solutions (ZONE) said that it now holds 710 million DOGE tokens, with over $20 million in unrealized gains. The tech-manufacturing company, which announced last month that it would pivot part of its balance sheet into Dogecoin, has been on a purchasing spree since then.
The accumulation began formally on September 5, 2025, and in its first tranche, CleanCore acquired ~285.42 million DOGE or roughly $68 million. The purchase made it the largest DOGE digital asset treasury almost overnight. Subsequent buys have pushed its holdings past 710 million DOGE, generating a paper gain, north of $20 million.
The move was financed via a $175,000,420 private placement, backed by over 80 institutional and crypto-native investors, including Pantera, GSR, FalconX, and Borderless, with support from the Dogecoin Foundation and its corporate arm, House of Doge.
Clayton Adams, Chief Executive Officer of CleanCore, said, “Our Treasury strategy is closely aligned with the long-term vision of insiders and the House of Doge, which emphasizes expanding utility as a catalyst for broader adoption and sustained demand for Dogecoin as a global digital asset.”
What is CleanCore’s core business?
Originally a company specializing in aqueous ozone cleaning systems, they provide industrial and institutional solutions that aim to replace harsher chemical cleaners. In 2024, the firm reportedly saw a revenue growth of ~29% to $2.07 million. They went on to acquire Sanzonate Europe and also won a major logistics contract covering over 1,000 U.S. facilities.
Still, many skeptics see the DOGE treasury strategy as a dramatic shift. They argue that this could expose CleanCore’s balance sheet to crypto volatility far beyond its core operating business.
Other public & private DOGE Treasuries
CleanCore isn’t alone in attempting to build a Dogecoin treasury; in early 2025, Spirit Blockchain Capital committed to leveraging DOGE holdings for yield strategies. Dogecoin Cash Inc. pivoted in mid-2025 via its Dogecoin Treasury Inc. subsidiary and announced that it would be acquiring ~1 billion DOGE. Bit Origin, once a pork producer turned Bitcoin miner, also proposed a DOGE treasury with up to $500 million in backing via equity or convertibles.
These moves have met mixed market reception. CleanCore’s own stock dropped ~40% post-announcement, reflecting investor wariness about tying a corporate entity so tightly to a meme coin. On Tuesday, the stock took a beating and shaved off over 8% to close at $2.0600.
Source: Yahoo Finance