Dogecoin News Today: CleanCore Buys 710M Doge Tokens, Shares Fall as Investors Doubt Crypto Pivot

[1] House of Doge (https://www.globenewswire.com/news-release/2025/10/07/3162626/0/en/House-of-Doge-Official-Dogecoin-Treasury-Partner-CleanCore-Provides-Dogecoin-Treasury-Update-Current-Holdings-Include-710M-DOGE-with-Over-20-Million-in-Unrealized-Gains.html)

[2] Coindesk (https://www.coindesk.com/business/2025/10/07/cleancore-s-dogecoin-treasury-tops-710m-tokens-booking-usd20m-gain)

[3] The Currency Analytics (https://thecurrencyanalytics.com/altcoins/cleancore-solutions-boosts-treasury-with-over-710-million-dogecoin-203516)

[4] Crypto Times (https://www.cryptotimes.io/2025/10/07/cleancore-boosts-dogecoin-holdings-to-710m-tokens-with-20m-in-profits/)

[5] Coinspeaker (https://www.coinspeaker.com/cleancore-solutions-dogecoin-treasury-surpasses-710m-doge-with-20m-unrealized-gains/)

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CleanCore Solutions (NYSE American: ZONE) has significantly expanded its Dogecoin (DOGE) holdings, now acquiring over 710 million tokens through a disciplined accumulation strategy. The company, in partnership with the Dogecoin Foundation's corporate arm, House of Doge, has allocated $175 million from a private placement to fund the initiative, which aims to reach a milestone of 1 billion DOGE. As of October 6, 2025, the treasury includes more than $20 million in unrealized gains, with sufficient liquidity to continue purchases via Bitstamp by Robinhood, a designated trading venue for transparency and custody [1].

The strategy emphasizes long-term value creation by aligning with Dogecoin's utility expansion. CleanCore CEO Clayton Adams highlighted that the phased approach prioritizes "professional treasury governance" and aims to drive demand for DOGE as a global digital asset. The firm's holdings now represent approximately 1.8% of the total circulating supply, a threshold that underscores institutional confidence in Dogecoin's potential as both a transactional currency and a reserve asset [3].

House of Doge's role in this initiative is pivotal. The organization, which oversees the Official Dogecoin Treasury, has partnered with CleanCore to advance real-world use cases, including financial products and tokenized assets. This collaboration aligns with broader efforts to position Dogecoin beyond its meme origins, fostering adoption through infrastructure development and strategic alliances [1]. The treasury's growth also reflects a broader trend of corporate crypto accumulation, with institutions seeking to anchor value in digital assets amid evolving market dynamics.

Market reactions to the update have been mixed. While CleanCore's DOGE holdings have surged, ZONE shares fell 8.44% in recent trading sessions, reflecting investor skepticism about the firm's pivot to a crypto-focused model [5]. However, Dogecoin's price has shown resilience, rising 10% weekly as new utility initiatives gain traction. Analysts attribute this to growing institutional interest, including the launch of the REX-Osprey DOGE ETF (DOJE) in mid-September, which added $6 million in initial trading volume [3].

CleanCore's strategy faces scrutiny over metrics like market capitalization-to-net asset value (mNAV) ratios. Some experts caution that mNAV may not fully capture the financial complexities of crypto treasury firms, particularly those with operational businesses beyond token holding [3]. Nonetheless, the company remains optimistic, citing its phased accumulation and Bitstamp's oversight as safeguards against overexposure. With 210 million DOGE added in under a month, CleanCore's progress highlights the accelerating institutional adoption of Dogecoin, even as broader market risks persist [5].

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This press release synthesizes verified data from the provided content, focusing on institutional Dogecoin accumulation, strategic partnerships, and market implications. Unrelated forecasts and speculative content were excluded per the core instructions.