CleanCore acquisition of 285.4 million DOGE to activate the official treasury, stock price big pump over 40%

CleanCore Solutions (ZONE), a company listed on the New York Stock Exchange, announced that it has invested approximately $68 million to acquire 285.4 million DOGE and has launched the "official DOGE treasury" plan. This news stimulated ZONE's stock price to experience a big pump of 40% in after-hours trading on September 8, while the price of DOGE rose by about 7%, indicating a significant increase in market sentiment.

2.854 million DOGE acquisition details

CleanCore stated that this acquisition is part of the "official DOGE treasury" launched in collaboration with House of Doge, aimed at promoting the utility and global adoption of DOGE.

Acquisition scale: 285.4 million DOGE, valued at approximately 68 million USD.

Source of funds: The plan is to raise funds through a $175 million PIPE issuance.

Future goal: Accumulate a maximum of 1 billion DOGE within 30 days.

CleanCore Chief Information Officer and House of Doge CEO Marco Margiotta stated that the initiative aims to "embody the value of DOGE as a universal currency" and promote it as a more popular global digital asset.

Strategic Significance of the Official DOGE Vault

(Source: The Block)

House of Doge stated that the establishment of the treasury will combine CleanCore's financial strategy with the forward-looking vision of the DOGE community, enhancing DOGE's position in payments, transactions, and corporate applications through large-scale reserves.

Market Positioning: To become one of the largest DOGE digital asset repositories in the world.

Long-term impact: Expected to promote the acceptance of DOGE as a payment currency and enhance its strategic value in the digital asset market.

The stock price and DOGE price both pump

After the news was announced, ZONE's stock price closed at $3.51 on Monday, and after-hours trading surged by 40%, bringing its market capitalization to approximately $50 million.

According to The Block data, as of September 9, the DOGE price is reported at $0.24, with a market capitalization exceeding $36 billion, firmly ranking as the seventh largest cryptocurrency in the world (excluding stablecoins).

ETF listing expectations boost market sentiment

Market optimism for DOGE is also being driven by ETF news. Bloomberg analysts pointed out that the first DOGE ETF could be launched as early as this week, which will further increase institutional investor participation and may become a new catalyst for DOGE prices.

Conclusion

CleanCore's large-scale DOGE acquisition and official treasury plan have injected strong confidence into the DOGE market. With both stock prices and DOGE prices rising, and expectations for ETF listings heating up, the market is closely watching whether this plan can drive DOGE into broader application scenarios and a long-term appreciation trajectory.