House of Doge, the corporate arm of the Dogecoin Foundation, and CleanCore Solutions Inc. said Monday they acquired 285,420,000 Dogecoin, valued at about $68 million, as part of a newly created treasury strategy aimed at holding the cryptocurrency for long-term use.
The purchase, made less than a week after the treasury was launched, makes the initiative the largest Dogecoin-specific digital asset treasury to date, the companies said. CleanCore, which trades on the NYSE American exchange under the ticker ZONE, partnered with House of Doge to establish the treasury.
Goal to Acquire 1 Billion DOGE in 30 Days
CleanCore announced that the treasury has set an initial milestone of accumulating 1 billion Dogecoin within the next 30 days. The company also outlined a longer-term objective to acquire about 5% of the coin’s circulating supply.
Marco Margiotta, chief executive of House of Doge and chief investment officer at CleanCore, said the initiative reflects confidence in Dogecoin’s role as a decentralised digital currency. He added that the treasury is designed to support Dogecoin’s anticipated expansion in utility and adoption.
Dogecoin, created in 2013 as a meme-inspired cryptocurrency, has grown into one of the most widely recognised digital tokens. While its price has historically been volatile, its large user base and frequent use in online payments have kept it in circulation among retail investors and enthusiasts.
Utility Plans and Market Implications
House of Doge said it expects to introduce new projects in the coming months to expand Dogecoin’s real-world use. Planned initiatives include payments, tokenisation, staking-style products and global remittance applications. The companies did not provide details on how the treasury funds would be managed or how the acquisitions would be financed, beyond the initial purchase announcement.
The move positions CleanCore as one of the few publicly traded companies to disclose large-scale Dogecoin holdings. Other firms, such as Tesla Inc. and SpaceX, have previously revealed Dogecoin-related initiatives, though none have announced a comparable treasury program.
Market analysts said the creation of a dedicated Dogecoin treasury underscores growing institutional interest in the cryptocurrency. Still, questions remain about whether such strategies can reduce volatility or significantly influence adoption beyond the retail community.
