Dogecoin Treasury Firm CleanCore Amasses 710 Million DOGE

Dogecoin treasury company CleanCore has revealed it holds a staggering 710 million DOGE, worth $188 million, as it looks to hit its goal of holding 1 billion DOGE

The company announced its Dogecoin treasury, backed by the Dogecoin Foundation, on September 5. It also revealed it has over $20 million in unrealized gains since launching its Dogecoin treasury

CleanCore Holds 710 Million Doge

Dogecoin treasury company CleanCore is closing in on its goal of acquiring 1 billion DOGE tokens. The company’s DOGE holdings have grown to 710 million DOGE as of October. The firm’s current stash is worth around $188 million. The company’s previous update on September 11 revealed it held 500 million DOGE. The current accumulation sees CleanCore at 71% of its target of 1 billion DOGE. The company funded its acquisition by raising $175 million through a private placement on September 5. It added that it maintains adequate cash to continue its purchase strategy and reach its target of 1 billion DOGE

ClearCore CEO Clayton Adams stated that the treasury’s early weeks have been highly productive, emphasizing that the strategy aligns with a long-term vision to expand DOGE’s utility as a global digital asset and drive adoption and demand. Adams stated that the company’s approach goes beyond net asset value as it aims to expand the Dogecoin ecosystem through professional governance. According to Adams, ClearCore wants to create a robust foundation for future yield-bearing opportunities and support the long-term growth and stability of DOGE

“Our approach goes beyond a simple NAV play. We are working closely with House of Doge to jointly advance the Dogecoin ecosystem through professional treasury governance, building the foundation for future yield-bearing opportunities, and supporting the long-term stability and utility of DOGE.”

Working To Get Private Placement Shares Registered

Adams also revealed that ClearCore is working with the United States Securities and Exchange Commission (SEC) to get its private placement shares registered. Adams added that the company is “closely aligned” with the long-term vision of Dogecoin ecosystem insiders and the House of Doge, the corporate arm of the Dogecoin Foundation

“Friends, family, and the House of Doge currently hold a significant portion of the shares filed for registration, which are currently restricted and/or locked up. In addition to working with the SEC to get the private placement shares registered in a timely manner, we are actively monitoring the short interest in our stock carefully.”

While it is relatively common for digital asset treasuries to release updates about their holdings or announce capital raises, providing details about shareholders and share registration is relatively uncommon

SEC Scrutiny

According to some reports, the United States Securities and Exchange Commission (SEC) is scrutinizing some digital asset companies for unusual trading patterns. Over 200 companies have adopted a digital asset treasury strategy, registering over $20 billion in venture capital funding in 2025.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice