Étienne Girard
CleanCore Solutions (ZONE) revealed on Monday that it has purchased 285,420,000 Dogecoin (DOGE), valued at roughly $68 million, making it the largest Dogecoin treasury in less than a week.
The company said the treasury was formed in anticipation of growing adoption and utility, fueled by initiatives from House of Doge, the corporate arm of the Dogecoin Foundation. CleanCore also confirmed it is targeting 1 billion DOGE within the next 30 days.
“ZONE’s treasury was created to reflect Dogecoin’s role as the people’s currency,” explained Marco Margiotta, CleanCore CIO and CEO of House of Doge.
He added that the firm’s treasury strategy aligns with House of Doge’s long-term mission, which expects increased real-world use cases to drive broader global adoption of Dogecoin.
Partnership With House of Doge
The announcement follows last week’s news that House of Doge partnered with CleanCore to create the official Dogecoin treasury. The treasury plans to fund token acquisitions through a $175 million PIPE offering.
Market Reaction and DOGE Price Surge
After closing at $3.51 per share on Monday, ZONE stock skyrocketed 40% in after-hours trading, giving the firm a market cap of about $50 million, according to Yahoo Finance.
Meanwhile, Dogecoin’s price jumped 7% to $0.24, pushing its market capitalization above $36 billion and securing its spot as the seventh-largest cryptocurrency (excluding stablecoins).
According to a Bloomberg analyst, the first Dogecoin ETF could also debut as early as this week, adding further momentum to the meme coin’s growing institutional presence.
