CleanCore Solutions has expanded its Dogecoin (DOGE) treasury to more than 600 million tokens after purchasing an additional 100 million DOGE. The company launched the treasury earlier this month and has set a near-term target of 1 billion DOGE within 30 days. Its long-term goal is to hold up to 5% of Dogecoin’s circulating supply.
CleanCore introduced the “Official Dogecoin Treasury” on Sept. 5, in partnership with the House of Doge, the commercial arm of the Dogecoin Foundation. On Sept. 8, the company bought 285.42 million DOGE worth around $68 million. By Sept. 11, its reserves had already surpassed 500 million. A further purchase on Sept. 16 lifted the total above 600 million DOGE.
The treasury is financed through a $175 million private placement supported by more than 80 investors, including Pantera Capital, GSR, FalconX, and Borderless Capital. Governance involves Alex Spiro, Elon Musk’s personal lawyer, who chairs CleanCore’s board, and Marco Margiotta, the head of House of Doge, who serves as CleanCore’s Chief Investment Officer. The holdings are custodied through Bitstamp, with purchases facilitated on Robinhood’s platform.
Corporate Buildup Coincides with ETF Launch
The treasury build-up comes as Dogecoin prepares for its first U.S. exchange-traded fund listing. Rex Shares–Osprey’s DOGE ETF, trading under the ticker “DOJE,” is expected to launch on Sept. 18, alongside an XRP ETF. The funds would allow both institutional and retail investors to gain regulated exposure to the assets.
Analysts note that the timing of CleanCore’s treasury expansion alongside an ETF launch could reinforce demand for DOGE. Corporate accumulation reduces circulating supply, while ETFs could attract fresh inflows. However, regulators could still delay or adjust approvals, leaving some uncertainty around how much capital will enter the market.
DOGE Price Stalls Below Resistance at $0.30
At press time, Dogecoin price currently stands at $0.267, slightly below the recent high of $0.30. The chart shows a series of higher lows since early September, reflecting a short-term uptrend. Resistance is firm at $0.30, which has capped rallies several times in 2024 and 2025. A decisive breakout above this level could open the way to $0.35 and potentially $0.40 to $0.45 if momentum strengthens.
Support sits between $0.22 and $0.24, an area reinforced by the 100-day and 200-day exponential moving averages. The Relative Strength Index stands near 61, showing bullish momentum without tipping into overbought territory. Moving averages are aligned positively, with shorter-term EMAs trending above longer-term ones, adding weight to the upward bias.
If DOGE fails to break $0.30 resistance, DOGE price could return to $0.24. A breakdown below that level would expose DOGE to further losses toward $0.20.