CleanCore Buys Over 710M Dogecoin As Price Battles Resistance

Key Insights:

CleanCore Solutions now holds over 710 million DOGE, aiming for 1 billion.

DOGE holdings are valued at $173.9M, with $20M in unrealized gains.

The company stresses long-term treasury growth over short-term price spikes.

NYSE-listed CleanCore Solutions has expanded its cryptocurrency holdings, acquiring over 710 million Dogecoin (DOGE) in a strategic move that inches the firm closer to its 1 billion DOGE target. At Dogecoin’s current price of around $0.245, the holdings are worth approximately $173.92 million.

In a statement released Tuesday, CleanCore revealed it has also seen $20 million in unrealized gains on its DOGE stash. The company, which raised $175 million via private placement on Sept. 5, says it retains enough cash to continue adding Dogecoin to its balance sheet, a strategy made possible through its partnership with Bitstamp by Robinhood.

CleanCore Aims for Long Term Value From Dogecoin 

CleanCore CEO Clayton Adams emphasized that the company's treasury strategy is not about speculative hype but about building long-term value, aligning closely with the broader vision of the House of Doge, a movement focused on expanding real-world utility and global adoption of Dogecoin.

“Our strategy is closely aligned with the long-term vision of insiders and the House of Doge,” Adams said. “This includes expanding utility as a catalyst for broader adoption and sustained demand for Dogecoin as a global digital asset.”

The company also voiced its concern about the market cap to net asset value (mNAV) metric, arguing that its approach goes beyond simply stacking DOGE. CleanCore intends to scale in a transparent and sustainable way that supports shareholder value rather than merely reacting to market movements.

Still, some analysts remain skeptical of mNAV’s relevance for crypto-focused firms. Greg Cipolaro, global head of research at NYDIG, recently argued that mNAV doesn’t account for businesses with operational revenue or convertible debt, making it a flawed metric for such companies.

DOGE Price Outlook: Resistance Near, Momentum Lacks Conviction

DOGE Price Chart |Source: Tradingview 

Meanwhile, Dogecoin is attempting a slow recovery, trading at $0.2558 with a 3.64% daily gain. Technical indicators suggest the market remains cautious. The Relative Strength Index (RSI) at 53.29 indicates that buyers still have a slight edge, but there's no strong trend confirming upward momentum.

The MACD also shows a mildly bullish structure, with the MACD line above the signal line. However, the flat histogram bars point to weak momentum, potentially capping any major breakout in the near term.

DOGE has failed to break above the $0.27 resistance, and current support lies around $0.24–$0.245. If the price holds above $0.26, bulls could aim for $0.30, especially if meme coin interest picks up or market sentiment shifts broadly. However, a slip below support could see DOGE drop back to $0.23.