Key Takeaways:
- CleanCore Solutions has acquired over 710 million Dogecoin, valued at nearly $174 million, advancing toward its goal of holding 1 billion DOGE.
- The company’s crypto treasury strategy focuses on transparency, long-term mNAV growth, and alignment with Dogecoin adoption goals.
- Industry analysts question the relevance of mNAV, amid rising concerns about overexposure and potential consolidation in the digital asset sector.
NYSE-listed CleanCore Solutions has expanded its crypto holdings by adding over 710 million Dogecoin (DOGE) to its treasury, moving closer to its 1 billion DOGE target.
The company now holds approximately $173.9 million worth of Dogecoin, backed by over $20 million in unrealized gains, according to CoinMarketCap.
🚨 CMC News: $DOGE Treasury CleanCore Reaches 710 Million Token Milestone.https://t.co/8BeJJwpL1k
— CoinMarketCap (@CoinMarketCap) October 8, 2025
CleanCore said it maintains sufficient cash to continue acquisitions through its Bitstamp by Robinhood partnership.
The firm had recently raised $175 million via private placement on September 5.
CleanCore emphasized that its strategy goes beyond accumulation, focusing on long-term value growth and maintaining transparency through its market net asset value (mNAV) model.
CEO Clayton Adams said the approach aligns with the vision of “the House of Doge,” highlighting utility expansion and global adoption.
Shares of CleanCore (ZONE) fell 8.44% to $2.06 but recovered slightly after-hours.
Some analysts, however, question the mNAV metric’s reliability, citing risks of overexposure.
Standard Chartered warned that such pressures could drive industry consolidation, as larger firms absorb smaller, Dogecoin-heavy players.
The development comes after the REX-Osprey DOGE ETF (DOJE) launched on September 18, debuting with $6 million in volume.
About The Author
Efe Bravo, a seasoned journalist, delivers compelling insights into the cryptocurrency and blockchain industry.
His articles offer a deep dive into the latest trends, projects, and technological advancements shaping the future of digital finance.
Check Efe out on:
