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CleanCore Solutions (NYSE: ZONE) said it has acquired 285,420,000 Dogecoin (DOGE), valued at about $68 million, establishing what the company describes as the largest Digital Asset Treasury for Dogecoin to date. The statement frames the purchase as a strategic treasury allocation to gain direct exposure to the token while reporting the transaction to shareholders.
CleanCore noted the move aligns with a newly formed commercial initiative, House of Doge, affiliated with the Dogecoin Foundation. The companies have outlined a joint effort to create an “Official Dogecoin Treasury” and indicated support for token acquisitions via a planned $175 million PIPE financing.
The firm reiterated intentions to accumulate up to 1 billion DOGE within 30 days. Market participants should assess the implications of concentrated crypto holdings and the financing structure underpinning further token acquisitions.
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