Dogecoin Treasury Acquisition Boosts CleanCore Solutions’ Stock by 62% After-Hours
In a significant move for the cryptocurrency and stock markets, CleanCore Solutions Inc. (ZONE) witnessed a remarkable 62.96% surge in its stock price during after-hours trading on Monday, March 25, 2025. This spike followed the company’s announcement of acquiring approximately $68 million worth of Dogecoin (DOGE/USD) as part of its newly launched treasury strategy.
CleanCore, a company specializing in the manufacturing of cleaning products, revealed that it had acquired a total of 285.42 million DOGE tokens. This acquisition, supported by the Dogecoin Foundation, has positioned CleanCore as the owner of the largest DOGE digital asset treasury within just a week of its implementation. In a statement, the company emphasized,
“With this acquisition, the Treasury has achieved the status of becoming the single largest DOGE digital asset treasury in just under a week.”
The firm further disclosed plans to acquire an additional 1 billion DOGE tokens over the next 30 days, which would amount to roughly $235 million at current market prices. Such bold strategies not only demonstrate CleanCore’s commitment to leveraging cryptocurrencies for its financial strategies but also indicate a growing trend among traditional companies to explore digital assets as a means of enhancing treasury operations.
Earlier this month, the company appointed Alex Spiro, a long-time legal advisor to Elon Musk, as the Chairman of its Board of Directors. Spiro’s involvement could be seen as a strategic move to align the company more closely with the influential figures in the crypto space, particularly given Musk’s significant impact on the cryptocurrency market.
In the broader cryptocurrency market, Dogecoin experienced a notable rally, reaching a nearly one-month high late Monday evening. However, following a period of intense trading activity, profit-taking led to a sharp decline in its price. Over the last 24 hours, DOGE’s trading volume surged by 50%, reflecting heightened interest and activity among investors.
As of the latest updates, Dogecoin was trading at approximately $0.2357, reflecting a modest increase of 1.14% within the same 24-hour period, according to data sourced from Benzinga Pro. CleanCore Solutions’ stock closed the regular trading session at $3.51, marking an increase of 8.33% before its impressive after-hours performance. Year-to-date, CleanCore’s stock has surged an astonishing 172%, showcasing a strong momentum that is attracting investor attention. The stock currently exhibits a very high Momentum score, indicating strong buying interest and potential for further growth.
For those interested in the intersections of cryptocurrency and traditional business strategies, CleanCore’s recent activities present a compelling case study. As the landscape of finance continues to evolve in 2025, companies like CleanCore are paving the way for innovative approaches to asset management and treasury strategies.
For more insights and metrics on stock performance, Benzinga Rankings provides vital information on various stocks, catering to both seasoned investors and market enthusiasts alike. Visit Benzinga Edge to explore further details on cryptocurrency treasury strategies and stay updated on market trends.
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