New York Stock Exchange-listed CleanCore Solutions added more than $710 million to its balance sheet. Dogecoin, approaching its goal of accumulating 1 billion DOGE.
CleanCore’s treasury includes more than 710 million Dogecoin, unrealized gains of more than $20 million and sufficient cash to proceed with the acquisition. Dogecoin with the support of the partnership Bitstamp and Robinhood,» CleanCore Solutions said in a statement.
Currently, the memecoin is trading at $0,2486, meaning that CleanCore’s assets are valued at $173,93 million.
The company’s statement states that its strategy is not limited to accumulating DOGE. It aims to gradually increase its treasury portfolio to increase «long-term market capitalization relative to net asset value (mNAV), while focusing on shareholder value creation and transparent, sustainable scaling.»
We focus on expanding utility as a catalyst for wider adoption and sustained demand for Dogecoin as a global digital asset,» said CleanCore CEO Clayton Adams.
So far, the news of the memcoin balance replenishment hasn’t particularly impressed market participants. On Tuesday, CleanCore Solutions shares fell 8,44% to $2,06.