Barely a month after launching its Dogecoin Treasury, CleanCore Solutions Inc. has emerged as one of the largest institutional holders of the world’s most famous meme coin.
The firm’s holdings have now surpassed 710 million DOGE, with unrealized profits topping $20 million, signaling a striking start for the treasury initiative.
The treasury project, introduced in early September, has rapidly positioned CleanCore among a growing number of companies treating Dogecoin as a strategic digital asset. The firm initially raised $175 million in a private placement to fund its accumulation plan, partnering with Bitstamp by Robinhood to handle purchases and custody.
Aiming for One Billion DOGE
CleanCore’s Chief Executive, Clayton Adams, said the company’s vision extends beyond short-term trading. Instead, the treasury is designed to function like a long-term digital reserve – one that builds value over time while supporting Dogecoin’s ecosystem growth.
“The first few weeks have exceeded expectations,” Adams said. “We’re not just holding DOGE – we’re helping shape its next chapter through strategic partnerships and ecosystem development.” He added that the company’s next objective is to hit 1 billion DOGE, a target that would solidify CleanCore’s status as a major player in corporate crypto adoption.
The firm’s accumulation efforts are taking place under a regulated framework established with Bitstamp USA, ensuring transparency and compliance as CleanCore expands its position. Adams also hinted at new governance standards being drafted to eventually introduce yield-bearing opportunities within the treasury, creating a bridge between traditional finance and the Dogecoin economy.
A Wave of Corporate DOGE Accumulation
CleanCore’s expansion comes amid a broader surge in Dogecoin treasuries across the corporate world. In July, BitOrigin disclosed a $500 million DOGE accumulation initiative, starting with an initial buy of over 40 million tokens. Around the same time, Trump’s Thumzup Media deepened its exposure by purchasing large batches of Dogecoin miners and integrating custody through Coinbase Prime.
These moves have reshaped sentiment around Dogecoin, transforming it from an internet meme into an asset increasingly tied to structured investment strategies.
Adding to the optimism, Dogecoin’s network recently saw a significant upgrade with the rollout of the Cardinals Index Node, designed to improve decentralization and speed. Analysts say the update, combined with institutional activity, could strengthen DOGE’s fundamentals ahead of the next crypto market expansion.
As CleanCore races toward the billion-DOGE milestone, the company’s treasury is fast becoming a symbol of how corporate balance sheets are evolving – where meme coins, once seen as jokes, are now treated as serious long-term reserves.
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Source: https://coindoo.com/dogecoin-adoption-explodes-as-cleancore-treasury-records-20-million-profit/