Public Company Makes History Buying 5% of Dogecoin’s Supply

CleanCore Solutions, a publicly traded company specializing in aqueous ozone cleaning systems, has significantly expanded its Dogecoin (DOGE) treasury, acquiring 285.42 million DOGE in a single transaction, valued at approximately $68 million. This purchase, announced on September 8, 2025, brings CleanCore’s total DOGE holdings to over 600 million coins, according to a press release from the company and its partner, House of Doge . The acquisition is part of a broader strategic initiative to acquire 1 billion DOGE within 30 days, with the ultimate goal of securing 5% of the cryptocurrency’s circulating supply .

The move is backed by the Dogecoin Foundation and House of Doge, the foundation’s corporate arm, and is aligned with efforts to establish DOGE as a globally accepted digital asset with utility beyond speculative trading. Marco Margiotta, Chief Investment Officer at CleanCore and CEO of House of Doge, stated that the company’s treasury strategy aims to “establish Dogecoin as a premier reserve asset while supporting its broader utility across payments, tokenization, staking-like products, and global remittances” . The partnership represents a milestone in the institutional adoption of DOGE and marks the first time a publicly traded company has implemented a digital asset treasury strategy centered on the cryptocurrency.

CleanCore’s DOGE acquisitions have coincided with a notable increase in market confidence in the token. Since the launch of its treasury strategy on September 5, 2025, the price of DOGE has risen from approximately $0.2417 to between $0.27 and $0.30. This upward trend reflects growing interest in DOGE as both a transactional currency and a reserve asset. The company’s aggressive accumulation strategy has also coincided with broader market developments, including the delayed launch of the first DOGE spot ETF. Originally scheduled to debut on September 12, 2025, the Rex-Osprey Doge ETF (DOJE) has since been postponed to Friday, with speculation suggesting a full launch could occur early the following week .

CleanCore’s treasury strategy is supported by a $175 million private placement, announced on September 3, 2025, involving over 80 institutional and crypto-native investors. The funding was successfully closed by September 5, 2025, and has been used to facilitate the acquisition of DOGE. While the announcement initially caused CleanCore’s stock to drop by 60%, the company’s shares have since rebounded. Shares of CleanCore (ZONE) closed at $3.98 on September 12, 2025, and rallied nearly 12% in after-hours trading to $4.45 . Year-to-date, ZONE has surged over 200%, reflecting strong investor sentiment surrounding its DOGE treasury strategy.

The company’s actions have positioned it as a leader in the growing trend of corporate adoption of digital assets. As institutional investors increasingly seek diversified portfolios that include cryptocurrencies, CleanCore’s DOGE treasury strategy provides a model for how public companies can integrate digital assets into their financial planning. By acquiring a substantial portion of DOGE’s circulating supply, CleanCore not only supports the token’s liquidity and market stability but also signals confidence in its long-term utility and value.

Looking ahead, the success of CleanCore’s treasury strategy will be closely watched by market participants, particularly as the potential launch of the DOJE ETF approaches. Analysts suggest that the ETF could provide a new avenue for institutional and retail investors to gain exposure to DOGE, potentially increasing demand and liquidity for the token . If the ETF is approved and launched as expected, it could serve as a catalyst for further price appreciation and broader adoption of DOGE.