CleanCore Raises $175M, Expands Dogecoin Treasury to 710M

CleanCore Solutions (NYSE American: ZONE) has increased its corporate Dogecoin treasury to more than 710 million DOGE—worth roughly $174–$182 million—and is sitting on over $20 million in unrealized gains while targeting a one‑billion‑coin milestone. The accumulation was funded by about $175 million raised in a Sept. 5 private placement and executed through a strategic alliance with Bitstamp, with Robinhood serving as CleanCore’s primary trading venue to enhance transparency and security. CleanCore and the House of Doge say the treasury is the firm's "official" DOGE reserve aimed at expanding Dogecoin utility and long‑term market capitalization relative to net asset value. Analysts including Greg Cipolaro of NYDIG and institutions such as Standard Chartered warn that mNAV can be misleading, highlighting risks of overexposure and potential sector consolidation if metrics remain depressed. The move has coincided with governance changes—including the addition of Alex Spiro to the board—and has generated share‑price volatility as investors weigh CleanCore’s significant crypto exposure.