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2d ago

CleanCore Closes $175M PIPE, Launches Foundation-Backed Dogecoin Treasury With $68M Buy

The move makes DOGE the company’s primary reserve asset under a structure sponsored by the Dogecoin Foundation.

Dogecoin Price
Cleancore solutions jumps 38% after $68m dogecoin purchase
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Overview

  • CleanCore disclosed the purchase of 285,420,000 DOGE for about $68 million, saying it now operates the largest single Dogecoin treasury.
  • The company set a near-term goal to accumulate 1 billion DOGE within 30 days and outlined a longer-term objective to hold roughly 5% of circulating supply.
  • The $175,000,420 private placement was funded with cash and cryptocurrencies and included investors such as MOZAYYX, Pantera, GSR, FalconX, Borderless and Mythos.
  • The initiative is presented as the official Dogecoin treasury of the Dogecoin Foundation and House of Doge, with House of Doge CEO Marco Margiotta named CleanCore’s CIO and 21Shares advising the program.
  • Shares of CleanCore jumped in after-hours and premarket trading following the disclosure, with multiple reports citing gains exceeding 60%, as the company noted NYSE American clearance for the transaction and an effective SEC shelf registration.