U.S.-listed CleanCore Solutions (ZONE) has expanded its Dogecoin reserves, surpassing 500 million DOGE just days after entering the market.
The move signals a bold push to position the memecoin as a serious corporate reserve asset.
CleanCore announced its entry into Dogecoin earlier this week with an initial purchase of 285.42 million DOGE. Within three days, the company nearly doubled that figure, taking its total holdings past 500 million tokens.
The company has set an ambitious target to accumulate up to 1 billion DOGE within 30 days. This move would make CleanCore one of the largest corporate holders of Dogecoin.
Strategy and Vision
Marco Margiotta, the CIO of CleanCore and CEO of House of Doge, emphasized that the rapid accumulation reflects both speed and conviction. He noted that the company’s broader vision is to cement Dogecoin’s role as a reserve asset while enabling its utility across payments, tokenization projects, staking-like products, and global money transfers.
The Dogecoin treasury is not being built in isolation. It has been established in partnership with the House of Doge, a new corporate arm of the Dogecoin Foundation.
According to the press release, CleanCore ultimately intends to secure about 5% of the total circulating supply of Dogecoin. To ensure security and compliance, Bitstamp manages custody of the tokens on behalf of Robinhood.
Market Reaction and Stock Performance
The growing Dogecoin treasury has also made an immediate impression on equity markets. Investors responded favorably to CleanCore’s bold strategy, viewing it as a sign of confidence in the digital asset.
ZONE shares closed at $3.98 on Thursday, then surged 12.31% in after-hours trading. With its market capitalization rising to $63.6 million, CleanCore has become a focal point for traders watching the intersection of corporate finance and cryptocurrency.
Dogecoin ETF on the Horizon
This rising investor interest aligns with broader market developments. The first spot Dogecoin exchange-traded fund is set to debut on Wall Street, adding institutional legitimacy to the asset.
The REX-Osprey DOGE ETF (ticker: DOJE) was originally expected to launch this week but is now projected to begin trading next week, according to Bloomberg analyst James Seyffart.
In a social media post, James Seyffart stated that, unlike futures-based funds, the ETF will primarily hold spot Dogecoin, offering investors direct exposure to the cryptocurrency. However, he noted that the fund also has flexibility built into its documents, allowing a mix of other spot ETFs or derivatives if required.
Dogecoin Price Momentum
Alongside these corporate and institutional moves, Dogecoin itself is experiencing renewed market momentum. Data from CoinGecko shows that the token has gained 5.5% over the past 24 hours, reaching a price of $0.2634.
The combination of CleanCore’s large-scale purchases and the imminent ETF launch has added fuel to market optimism. For Dogecoin supporters, these developments are seen as milestones in the coin’s journey from internet meme to a recognized digital asset with expanding real-world utility.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
