coindesk.com
CleanCore Solutions (ZONE) surged in pre-market trading Friday after announcing it purchased more than 200 million dogecoin $DOGE$0.2645, pushing its total holdings past 500 million tokens.
At $DOGE's current price of $0.26, up 6% in the past 24 hours, those 500 million tokens are worth about $130 million.
The move is part of the company’s plan to build a treasury of one billion $DOGE within 30 days. The strategy was unveiled earlier this month alongside a $175 million private placement involving over 80 investors. Participants included Pantera Capital, GSR and FalconX, all well-known digital asset firms.
Earlier this week, Cleancore disclosed an initial purchase of 285 million $DOGE, signaling the start of its accumulation effort. The latest buy suggests the company is ramping up quickly toward its one billion-token target.
Dogecoin, the meme-inspired cryptocurrency that began as a joke but has since developed a devoted community, traded 6% higher over the past 24 hours at $0.26. ZONE shares are higher by 13%.