What to Know:
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CleanCore holds 500M DOGE (~$130M), aiming for $1B in 30 days.
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DOGE trades at $0.2576, boosted by ETF speculation and momentum.
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Company plans to secure 5% of DOGE supply, backed by House of Doge.
CleanCore Solutions has crossed the halfway mark toward its goal of building a $1 billion Dogecoin treasury in 30 days. The company now holds 500 million DOGE, worth around $130 million, after its latest purchase.
The announcement came on September 11, when CleanCore shared that its Official Dogecoin Treasury, backed by the Dogecoin Foundation, had crossed this important threshold. The treasury is being built under CleanCore’s new corporate arm, House of Doge, which is focused on creating real-world use cases for DOGE in payments, tokenization, staking-style products, and global remittances.
Marco Margiotta, CleanCore’s Chief Investment Officer and CEO of House of Doge, said:
“Crossing the 500 million DOGE threshold demonstrates the speed and scale at which ZONE is executing its treasury strategy. Our vision is to establish Dogecoin as a premier reserve asset while supporting its broader utility.”
The company aims to secure up to 5% of the total circulating supply of DOGE, which would position it as one of the largest institutional holders of the meme-inspired cryptocurrency.
Why DOGE
In 2013, Dogecoin was just a meme, but now it’s one of the most well-known cryptocurrencies, thanks to a strong community and growing interest from businesses. CleanCore’s decision to buy DOGE shows that more and more people think it could be more than just a meme coin; it could also be a real digital reserve asset. Elon Musk and Trump are two well-known names that support DOGE. Brands like Tesla, travala and more are also starting to accept Dogecoin as payment.
The treasury is safely stored on Bitstamp using Robinhood’s platform, which shows that CleanCore is combining its strategy for accumulating with reliable infrastructure. This move also comes at a time when institutional investors are looking for different ways to hold crypto on their balance sheets. With its high liquidity and active global community, DOGE is an unusual but growingly appealing choice.
DOGE Price Action
At the time of writing, DOGE is trading at $0.2576, up 4% in the last 24 hours. That’s a stronger gain than Bitcoin and Ethereum over the same period.
The recent rally has been driven by three main factors:
- ETF speculation: The U.S. SEC is looking over a new ETF framework, and a Dogecoin ETF could be approved as soon as September 11. Rex Shares, 21Shares, and Grayscale have all filed papers that have raised hopes. A DOGE ETF would bring big investors into the token, which would make it more legitimate and increase its liquidity.
- Technical breakout: DOGE broke through a key barrier at $0.25. The 7-day RSI is at 78, which means the market is overbought but still going up. Analysts say that if DOGE closes above $0.265, it could go up to $0.288.
- Altcoin momentum: The Altcoin Season Index rose by almost 27% last week, with money going into meme coins like DOGE. Trading volumes jumped 25% to $4 billion in a day, which shows that a lot of people are interested.
What’s Next?
Just two days ago, DOGE saw another surge on speculation that a Dogecoin ETF was close to launching. Reports suggested Rex Shares’ Dogecoin Trust was aiming for a mid-September debut. However, it was later reported the ETF launch was delayed to a new date, though optimism remains strong.
If the SEC gives the green light, DOGE would follow Bitcoin and Ethereum in having its own ETF, which could open the door for major institutional inflows. For a token with a $39 billion market cap, that would be a game changer.
Final Thoughts
The big question now is whether DOGE can hold above the $0.25 level and ride institutional support through an ETF launch. CleanCore’s aggressive accumulation suggests they believe it can and they’re putting hundreds of millions behind that belief. For now, DOGE is not just a meme. It’s fast becoming a serious contender in the world of digital assets.
Also Read: Dogecoin Whales Accumulate 345M Tokens Ahead of First US DOGE ETF Launch
