CleanCore Solutions Increases Dogecoin Holdings Toward 1 Billion
CleanCore Solutions, a digital asset treasury, announced on Tuesday that its Dogecoin holdings have grown to 710 million DOGE, currently valued at about $188 million. The company is approaching its goal of acquiring 1 billion DOGE as part of its long-term digital asset strategy.
Significant Treasury Growth and Share Developments
The company last reported 500 million DOGE in holdings as of September 11. Tuesdays update highlights a rapid accumulation over recent months. In its statement, CleanCore revealed it is awaiting completion of share registration for $175 million raised through a recent private placement. Shares involved are primarily held by friends, family, and the House of Doge, which is linked to the Dogecoin Foundation. These shares are currently restricted or subject to lock-up agreements.
CEO Clayton Adams stated that CleanCore is working with the U.S. Securities and Exchange Commission (SEC) to register the shares. The company is also monitoring short interest in its stock as part of its risk management.
Governance and Alignment with Dogecoin Foundation
Unlike most digital asset treasury firms, CleanCore provided detailed information about shareholder composition and share registration status. The company maintains close alignment with long-term goals established by Dogecoin insiders and the House of Doge, aiming to help strengthen the Dogecoin ecosystem.
- Commitment to professional treasury governance
- Development of yield-bearing opportunities
- Focus on long-term stability and utility of DOGE
CEO Adams emphasized that CleanCore seeks to advance beyond basic asset value plays by actively contributing to the governance and evolution of the Dogecoin project.
Broader Context: Growing Crypto Treasury Trend
More than 200 firms have adopted crypto treasury strategies in 2024, as per recent industry estimates. While frequent updates on asset holdings are common, detailed transparency around shareholder structure and regulatory processes has been rare in the digital asset treasury sector.
The SEC is currently reviewing some digital asset treasuries for unusual trading patterns. This regulatory scrutiny places increased emphasis on compliance and transparency across the industry.
At the time of the statement, Dogecoin was trading at $0.26.
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