Dogecoin Treasury Firm CleanCore Amasses 710 Million DOGE
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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…