CleanCore Solutions (Nasdaq: BNC) has updated investors on its Dogecoin Treasury, revealing holdings of 710 million DOGE valued at roughly $182 million, with over $20 million in unrealized gains. The company said it remains on track toward its near-term milestone of acquiring 1 billion DOGE, a plan backed by the Dogecoin Foundation and its corporate division, House of Doge.
In its latest press release, CleanCore said that the firm raised $175 million in September through a private placement to fund the Treasury, which it calls a “disciplined and phased approach” to long-term value creation. The sequential Dogecoin purchases are executed through Bitstamp by Robinhood, which it named as its designated trading venue for transparency and custody.
CleanCore CEO Clayton Adams said that the company is closely watching short interest as it awaits SEC approval to register private placement shares. He added that the firm’s strategy “goes beyond a simple NAV play,” focusing on utility-driven growth.
Treasury growth fuels push to DOGE’s legitimacy
This update builds directly on last month’s progress, when CleanCore announced it had crossed 500 million DOGE, marking the halfway point to its 1 billion goal. At that time, CIO Marco Margiotta highlighted the firm’s ambition to hold 5% of Dogecoin’s circulating supply, establishing itself as one of the first corporate Dogecoin treasuries.
The company’s latest milestone underscores how quickly its accumulation strategy has advanced. From half billion meme coins in early September to 710M today, CleanCore’s Treasury growth mirrors rising institutional interest in Dogecoin’s liquidity and utility narrative.
As the House of Doge rolls out new products and partnerships, the effort appears aimed at reshaping DOGE’s perception—from a speculative meme coin to a structured digital reserve asset.
CleanCore’s relentless Dogecoin hoarding, backed by the foundation and Bitstamp oversight, puts it at the center of DOGE’s institutional experiment. The real test now? Whether a corporate treasury can turn a meme into a credible reserve asset.