CleanCore’s Dogecoin Treasury Pays Off Big With $20M Gains as Holdings Near 1B DOGE

CleanCore’s Dogecoin Treasury has reported over $20 million in unrealized gains just weeks after launch. This comes as the company now closes in on its target of holding 1 billion DOGE. 

CleanCore Treasury Growth Hits Record Pace

In a recent press release, CleanCore Solutions Inc. confirmed that its Official Dogecoin Treasury, backed by the Dogecoin Foundation, now holds more than 710 million DOGE. They also reported that their holdings recorded over $20 million in unrealized profits.

This comes after the company launched its Dogecoin treasury in the first week of September.. The firm completed a private placement and used the proceeds to accumulate the leading meme coin.

The company’s CEO, Clayton Adams, said CleanCore raised approximately $175 million through a private placement to fund its accumulation plan. This was done with support from Bitstamp by Robinhood as the official trading partner. 

Adams explained that the approach focuses on creating long-term value. He shared that they are aiming to boost holdings while also enhancing the company’s market capitalization and net asset value.

“The early weeks of our Treasury program have been highly productive,” Adams stated. “Our focus remains on achieving the one-billion DOGE milestone while advancing Dogecoin’s utility through partnerships with the House of Doge and the broader crypto ecosystem.”

The company collaborated with Bitstamp USA to provide a regulated framework for executing Dogecoin Treasury transactions. 

Adams emphasized that the firm’s vision extends beyond short-term profit-taking. “We’re developing governance standards and frameworks to support future yield-bearing opportunities while maintaining stability across the Dogecoin ecosystem,” he shared.

As previously reported by CoinGape, CleanCore purchased an additional 100 million Dogecoin tokens. This brought its total holdings to over 600 million at the time.  This suggests that the company had made a further 110 million coin purchase since then.

Momentum Grows Across Dogecoin Treasury Ecosystem

The firm’s move comes amid a growing corporate trend toward Dogecoin treasuries. In July, BitOrigin revealed it had purchased 40.5 million DOGE as part of its $500 million accumulation plan. If market conditions remain favorable, the firm stated that it could increase its investment capital.

Similarly, Trump’s Thumzup Media expanded its crypto holdings to include DOGE. They also announced they had acquired thousands of Dogecoin mining units to strengthen its position in the sector. It is also worth noting that the company partnered with Coinbase Prime to enhance its investment management. 

The meme coin’s ecosystem has also benefited from major technological improvements. This includes the recent launch of the Cardinals Index Node, which enhances network efficiency and decentralization.

These developments suggest bullish sentiment for the meme coin, with many experts projecting new highs for the token.