Crypto
CleanCore Dumps Dogecoin Treasury for $33M to Fuel AI Ambitions
CleanCore has exited its Dogecoin (DOGE) treasury by selling substantially all of its 463 million DOGE for approximately $33.4 million on July 20.
The sale, which implies an average price of around $0.072 per DOGE, is notable because it's a rare instance of a corporate treasury completely unwinding its meme asset position at once.
According to the SEC filing summary, CleanCore framed the sale as a capital reallocation rather than a crypto unwind for cash preservation, redirecting the proceeds into its AI infrastructure business.