Updated: 2026-08-24
According to a statement filed with the U.S. Securities and Exchange Commission, CleanCore recently liquidated almost all of its Dogecoin holdings, selling approximately 463 million $DOGE for $33.4 million to finance its transition to artificial intelligence infrastructure.
Previously, CleanCore had already sold about 200 million $DOGE for $18.4 million and transferred another 70 million meme tokens in exchange for professional services worth $6.8 million. At that point, the company had 463.06 million $DOGE remaining, valued at $44.3 million.
CleanCore adopted its memecoin accumulation strategy in September 2025. That same month, it raised $175 million through a private placement to make Dogecoin its primary reserve asset. Shortly thereafter, the company purchased 285.42 million $DOGE for approximately $68 million and planned to increase its position to 1 billion tokens within 30 days. By October 2025, its treasury already held 710 million $DOGE, with unrealized profits exceeding $20 million.
However, things changed in 2026: In March, CleanCore terminated its asset management agreement with Dogecoin Ventures and 21Shares and then began selling off its existing memecoins, directing the funds toward developing its artificial intelligence sector. The company plans to focus on building a roughly 55 MW data center in Minnesota and gradually phase out its core business of developing and manufacturing cleaning and disinfection systems.
For the Dogecoin market, the exit of such a major corporate holder could have a negative impact. Over the past 24 hours, the memecoin has fallen nearly 4% to $0.08920, according to CoinMarketCap. However, the asset has risen almost 27% over the week.
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