|
Getting your Trinity Audio player ready...
|
- CleanCore now holds over 500M DOGE, halfway to its 1B target.
- DOGE price jumps 22% on treasury buying and ETF optimism.
- High-profile backing signals growing institutional interest in Dogecoin.
Stay ahead with real-time updates and insights—Join our Telegram channel!
CleanCore Solutions has reached a major milestone in its ambitious plan to acquire 1 billion Dogecoin (DOGE) within 30 days, signaling growing institutional interest in the memecoin.
CleanCore Accelerates DOGE Accumulation
In a new press release, CleanCore Solutions confirmed that its treasury now holds over 500 million DOGE — halfway to its 1 billion coin target. The initiative, backed by the Dogecoin Foundation and managed through CleanCore’s corporate arm, House of Doge, marks one of the largest treasury accumulation strategies in the memecoin space.
This milestone follows CleanCore’s initial purchase of 285 million DOGE, which kickstarted its aggressive accumulation strategy. Chief Investment Officer Marco Margiotta called the achievement a “key milestone,” emphasizing the firm’s plan to establish Dogecoin as a premier reserve asset for payments, tokenization, staking-like products, and cross-border remittances.
Strategic Support and High-Profile Leadership
CleanCore’s long-term goal is to control up to 5% of Dogecoin’s circulating supply, positioning the company as a leading digital asset treasury. Custody of the assets is managed by Bitstamp in collaboration with Robinhood.
The company’s initiative has also attracted notable leadership. Elon Musk’s personal lawyer, Alex Spiro, recently joined CleanCore as chairman of the board, reportedly helping shape the treasury’s alignment with the Dogecoin Foundation’s objectives. His involvement further strengthens the perceived ties between Dogecoin and Musk’s broader business ecosystem.
DOGE Price Surges on Treasury Moves and ETF Buzz
Dogecoin’s price has surged 22% over the past week, including a 3.6% jump in the last 24 hours, partly fueled by CleanCore’s aggressive buying. The proposed launch of the first U.S.-regulated Dogecoin ETF, the REX-Osprey DOJE, has also contributed to bullish sentiment.
Technically, DOGE has broken through the $0.25 resistance level and is eyeing $0.288 as the next upside target. Strong liquidity and volume reduce the risk of sudden price pullbacks, adding to market confidence.
CleanCore’s rapid accumulation strategy signals a new phase in Dogecoin’s evolution from a speculative token to a potential global currency. If successful, the company’s bid could redefine how corporations approach crypto treasuries and cement DOGE’s place in the broader digital asset market.
Stay ahead with real-time updates and insights—Join our Telegram channel!
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
Also Read: Dogecoin Surges 16% Ahead of First U.S. Meme Coin ETF Launch – Could DOGE Hit $0.50?
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
