CleanCore Solutions Inc. (NYSE American: ZONE), a cleaning and disinfection company, has acquired 285.42 million Dogecoin (DOGE), valued at approximately $68 million, for its strategic reserve. This move makes CleanCore Solutions the largest corporate holder of Dogecoin, a position the company aims to solidify by increasing its holdings to 1 billion DOGE within the next 30 days.
According to Marco Margiotta, Chief Investment Officer of CleanCore and CEO of House of Doge, this treasury strategy aligns with the vision of promoting Dogecoin's utility and broader adoption as a global digital asset.
The article also highlights a recent surge in institutional interest in Dogecoin, with whales purchasing over 240 million DOGE in the last 24 hours. This growing demand is attributed to several factors, including ongoing support from Elon Musk and the filing of spot Dogecoin ETF applications by major fund managers like Bitwise, Grayscale, and 21Shares with the U.S. SEC.
Following these developments, the price of DOGE saw a 7% surge to approximately $0.24, breaking out of a long-term downtrend and showing potential for a rally towards its all-time high.
September 2025, Cryptoniteuae