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CleanCore spends $68 million to buy Dogecoin, and the stock price surges 40% in after-hours trading.
BlockBeats News, September 9th, According to The Block, CleanCore Solutions (stock code: ZONE) stated on Monday that the company had acquired 285,420,000 Dogecoins (DOGE), worth approximately $68 million, and established the largest Dogecoin Digital Asset Treasury (DAT) in "less than a week." ZONE's stock price closed at $3.51 per share on Monday, and post-market trading surged 40%.
The statement said that the establishment of this treasury was "in anticipation of the utility improvements and adoption growth driven by the newly established corporate division House of Doge of the Dogecoin Foundation." CleanCore also stated that the company plans to accumulate up to 1 billion DOGE in the next 30 days.
Last week, House of Doge announced a partnership with CleanCore, listed on the New York Stock Exchange, to jointly establish the "Official Dogecoin Treasury" and plans to support token acquisitions through a $175 million PIPE financing.
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