Mentioned:
A company on the New York Stock Exchange is pouring tens of millions of dollars into accumulating Dogecoin. And it might just be the very beginning.
What’s happening:
- CleanCore Solutions (NYSE: ZONE) has purchased $68M USD worth of Dogecoin to hold directly as an asset
By the numbers:
- CleanCore Solutions acquired 285,420,000 Dogecoin through their new purchase
Why it matters:
- CleanCore Solutions just recently made waves on Wall Street when they raised $175M USD for the sole purpose of accumulating Dogecoin in partnership with the Dogecoin Foundation, House of Doge and crypto asset management company 21Shares
Going deeper:
- Multiple prominent digital asset investors and crypto funds also participated in CleanCore Solutions’ capital raise, including MOZAYYX, Pantera, GSR, FalconX and Bordless
- CleanCore Solutions has publicly stated they plan to purchase 1B Dogecoin in the immediate future and are aiming to eventually acquire 5% of the total circulating supply of Dogecoin
The intrigue:
- Elon Musk’s lawyer Alex Spiro is also involved in CleanCore Solutions and has become the Chairman of the company following the successful closing of the recent equity financing round
