The company announced its Official Dogecoin Treasury, backed by the Dogecoin Foundation, on Sept. 5, 2025. As of Oct. 6, its holdings have grown to over 710 million DOGE. Cleancore reported these holdings carry more than $20 million in unrealized gains.

To fund the acquisitions, the company closed on approximately $175 million through a private placement on Sept. 5. The company stated it maintains sufficient cash to continue its disciplined purchasing strategy toward its one-billion DOGE milestone.

Chief Executive Officer Clayton Adams said the treasury’s early weeks have been productive. He emphasized that the strategy is aligned with a long-term vision to expand dogecoin’s utility as a global digital asset, driving broader adoption and sustained demand.

Cleancore has designated Bitstamp by Robinhood as the trading venue for its treasury through a strategic alliance. The company said this partnership provides a secure, regulated platform for transactions, enhancing transparency for its token holdings.

Adams added that the approach goes beyond net asset value, aiming to advance the dogecoin (DOGE) ecosystem through professional governance. The goal is to build a foundation for future yield-bearing opportunities and support the long-term stability of DOGE.

Cleancore is one of many digital asset treasury (DAT) firms to enter the scene this year. Presently, DOGE is changing hands for $0.25 per coin on Tuesday afternoon.

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