Microcap company CleanCore Solutions (NASDAQ: ZONE) is making headlines after announcing a massive purchase of Dogecoin (DOGE). On Monday, the firm disclosed it acquired 285,420 DOGE tokens valued at approximately $68 million, sparking a 38% surge in its shares during after-hours trading. The move has also helped boost Dogecoin, which is up about 7% in the past 24 hours.
This aggressive investment comes shortly after CleanCore raised $175 million in fresh capital. Major backers in the funding round included MOZAYYX, Pantera Capital, GSR, and FalconX, highlighting strong institutional interest in the company’s crypto strategy.
According to its latest press release, CleanCore plans to significantly expand its Dogecoin holdings. Over the next 30 days, the company aims to purchase up to 1 billion DOGE. Longer term, CleanCore has set its sights on acquiring as much as 5% of the total Dogecoin supply, a bold move that positions it as one of the largest corporate holders of the meme cryptocurrency.
The announcement comes at a time when investor sentiment around altcoins is improving. With retail traders reentering the crypto markets, speculation about a potential “alt season” is growing. CleanCore’s strategic bet on Dogecoin not only underscores the rising demand for alternative digital assets but also signals how traditional companies are leveraging meme coins to attract attention and drive value.
If CleanCore follows through on its plan, its holdings could rival some of the largest institutional positions in the Dogecoin market, potentially influencing liquidity and long-term price trends. Investors are now watching closely to see how this ambitious accumulation strategy plays out.
