CleanCore Solutions, a company helmed by Alex Spiro, Elon Musk's legal counsel, has recently made waves in the financial world with its ambitious embrace of Dogecoin. The firm's strategic pivot towards accumulating the popular meme cryptocurrency has ignited considerable excitement, reflected in a substantial surge in its stock value. This bold move signals a deeper commitment to integrating Dogecoin into various real-world financial applications, potentially redefining its role beyond a mere digital novelty.
CleanCore Solutions' Strategic Embrace of Dogecoin Drives Market Frenzy
On Tuesday, September 9, 2025, CleanCore Solutions (NYSE: ZONE), under the leadership of Alex Spiro, Elon Musk's renowned attorney, revealed a groundbreaking update to its Dogecoin treasury strategy. This announcement sent ripples through the market, causing the company's stock to skyrocket by over 90% in pre-market trading, exceeding $8 per share.
CleanCore Solutions disclosed its acquisition of Dogecoin tokens valued at approximately $68 million, swiftly establishing itself as the single largest Dogecoin Digital Asset Treasury (DAT) within a week. Furthermore, the company outlined an aggressive \"first milestone target\" to amass up to 1 billion DOGE within the ensuing 30 days. Looking ahead, CleanCore Solutions intends to accumulate a significant 5% of Dogecoin's total circulating supply.
Marco Margiotta, CIO of CleanCore Solutions, articulated the strategic vision behind this initiative, stating that \"ZONE's treasury was created to capture the value of Dogecoin's ability to serve as the people's currency.\" This proactive stance aims to unlock diverse real-world applications for DOGE, spanning payments, tokenization, staking-like products, and global remittances.
This substantial acquisition follows the firm's successful raising of $175 million in PIPE financing from a consortium of investors, including MOZAYYX, Pantera, GSR, FalconX, Borderless, and Mythos. The positive sentiment surrounding these announcements fueled Dogecoin's own upward trajectory, with the cryptocurrency rallying over 3% in the preceding 24 hours to reach $0.2413.
Beyond CleanCore's treasury operations, market speculation also points to the potential launch of the first Dogecoin-tied Exchange-Traded Fund (ETF) in the United States as early as the same week. Should this ETF materialize, it would mark a truly extraordinary milestone for a cryptocurrency that famously began as a playful jab at Bitcoin, now cementing its place in the mainstream financial landscape.
This bold strategic move by CleanCore Solutions highlights a growing recognition of Dogecoin's potential beyond its meme origins. The company's commitment to fostering real-world utility for DOGE could inspire other enterprises to explore similar ventures, pushing the boundaries of cryptocurrency adoption. Furthermore, the market's enthusiastic response underscores investor confidence in the future of digital assets and the increasing sophistication of their integration into traditional financial systems. The potential introduction of a Dogecoin ETF would further legitimize the cryptocurrency, potentially attracting a broader spectrum of investors and solidifying its position in the evolving digital economy.