Against the backdrop of ongoing volatility in the cryptocurrency market, DOGE treasury company CleanCore recently disclosed its Dogecoin (DOGE) holdings, drawing widespread attention. According to the latest announcement, CleanCore currently holds 733 million DOGE, valued at approximately $120 million based on the current market exchange rate. This figure not only reflects the company's long-term bet on Dogecoin but also highlights its strategic positioning in the digital asset space.
However, in stark contrast to this substantial holding, CleanCore's stock price fell by 7% on Thursday, closing at $0.43, hitting a new low since 2025. Looking back to late August this year, when the company had not yet transformed into a DOGE treasury, its stock price had once surged to a high of around $7 per share. This sharp decline not only reflects market concerns about CleanCore's current operational status but may also be related to the overall volatility of the entire cryptocurrency industry.
A further analysis of CleanCore's asset changes reveals a significant shrinkage in the value of its Dogecoin holdings. Last month, the company disclosed holdings of 710 million Dogecoins, then valued at approximately $188 million. However, as of this Thursday, the value of these assets had dropped to nearly $123 million, a decline of over 30%. This value fluctuation stems not only from Dogecoin's price volatility but may also be influenced by market sentiment, regulatory environment, and macroeconomic factors.
It is worth noting that CleanCore has not halted its strategic expansion in response to these challenges. The company recently announced the completion of a $175 million private financing round, aimed at supporting its "official Dogecoin treasury strategy in collaboration with House of Doge." This partnership is seen as a move by CleanCore to deepen its role in the cryptocurrency ecosystem and potentially enhance Dogecoin's utility and value through innovative financial products. As a key player in the Dogecoin ecosystem, House of Doge's collaboration with CleanCore may inject new vitality into the future market.
Overall, CleanCore's current situation exemplifies the typical opportunities and risks faced by companies in the cryptocurrency space. On one hand, the company demonstrates its confidence in this digital asset by holding a large amount of Dogecoin; on the other hand, the decline in stock price and asset shrinkage remind investors that high returns often come with high risks. As the cryptocurrency market continues to evolve, whether CleanCore can achieve a reversal through its treasury strategy warrants ongoing market attention. Moving forward, investors need to closely monitor Dogecoin's price trends, CleanCore's operational adjustments, and industry regulatory developments to make more informed decisions.
