Coinpaper
2025-10-08 11:35:10

Dogecoin Eyes $1 as CleanCore Treasury Surpasses 710 Million DOGE

CleanCore Solutions has strengthened its position as one of the largest corporate holders of Dogecoin, reporting over 710 million DOGE in its treasury as of early October 2025. The Omaha-based company continues to progress toward its target of acquiring one billion Dogecoin, following the success of its $175 million private placement completed last month. The accumulation reflects a disciplined capital deployment strategy designed to enhance shareholder value and align with the broader growth of the Dogecoin ecosystem. Treasury Growth and Strategic Alignment CleanCore’s Dogecoin Treasury, backed by the Dogecoin Foundation and its corporate partner House of Doge, has already recorded over $20 million in unrealized gains. The company’s approach prioritizes sustainable expansion of its holdings while maintaining transparency and strong governance. Consequently, the firm partnered with Bitstamp by Robinhood as its official trading platform to ensure regulated and secure transactions. According to the press release , CEO Clayton Adams emphasized that CleanCore’s mission extends beyond simple asset accumulation, focusing instead on long-term value creation and ecosystem development. The firm’s alignment with the House of Doge highlights a shared goal of strengthening Dogecoin’s role as a functional digital asset. Moreover, the company continues to work with regulators to register its private placement shares while monitoring stock short interest closely. Market Outlook and Technical Setup Dogecoin’s market outlook remains bullish, despite a minor 5% daily drop to $0.2466 . The cryptocurrency still holds a weekly gain of 5.68%, reflecting renewed investor confidence. Source: X According to analyst MikybullCrypto, Dogecoin’s chart structure suggests that “$DOGE is ready to $1 from the bullish move that’s about to hit.” Historically, each retest of the moving average has preceded major upswings, as seen before the rallies in 2017 and 2021. The token is currently consolidating between $0.20 support and $0.32 resistance, with a potential breakout target near $1.00. Bitwise Dogecoin ETF Adds Institutional Tailwind In a related development, Bitwise Asset Management has filed an amended S-1 registration with the U.S. Securities and Exchange Commission for the Bitwise Dogecoin ETF. The fund aims to offer investors exposure to Dogecoin through a fully backed trust, with Coinbase Custody providing secure storage. The ETF’s introduction could significantly boost institutional access and liquidity, reinforcing CleanCore’s long-term vision for DOGE as both a transactional and reserve asset.

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