CleanCore Solutions has sold the majority of its Dogecoin treasury, offloading most of its 463 million DOGE tokens — worth nearly $33.4 million — to fund a pivot into artificial intelligence, according to documents filed with the U.S. Securities and Exchange Commission (SEC).

CleanCore (ZONE), a U.S.-listed company whose core business is aqueous ozone cleaning products, established its Dogecoin treasury around September 2025 in partnership with the Dogecoin Foundation and House of Doge. The position was built with backing from a $175 million private investment in public equity (PIPE) round from Pantera, GSR, FalconX and Borderless, bringing the company's holdings to a total of more than 733 million DOGE.

Leadership Behind the Treasury Exit

The treasury strategy and its unwind were spearheaded by the company's leadership: CEO Clayton Adams, CIO Marco Margiotta and Chairman Alex Spiro. The tokens were sold at $0.072 apiece — a fraction of the treasury's peak value of $188 million.

Alongside the liquidation, CleanCore raised $100 million through a stock offering, driving a 122% surge in shares outstanding to 502.1 million. Warrants were also issued in connection with the raise, creating potential dilution risk for existing shareholders.

Why the Exit Matters

The liquidation stands out as one of the most dramatic outcomes recorded among digital asset treasury firms — a playbook that became popular in the Strategy circle after being modeled on its work with Bitcoin. The case also underscores the hazards of meme coin treasuries tied to volatile assets: holdings dropped nearly 25% last quarter, pulling ZONE down to roughly the $0.41 level, versus $7, after the project's pivot.

Crypto news outlet BSCN reported the development on X:

CleanCore dumps entire Dogecoin Treasury CleanCore exits its entire Dogecoin ( $DOGE ) treasury, selling 463M units for around $33.4M . This move shifts CleanCore's treasury into the growing space of AI Agents. The firm completes a $100M stock offering, raising its total share… pic.twitter.com/d9gdKn708M

— BSCN (@BSCNews) August 24, 2026

Capital Redirected Toward AI

CleanCore is now reallocating its revenues toward a Minnesota data center venture pursued in partnership with Cerebras, which signed an $800 million colocation deal. The project is expected to require up to $500 million, even though the company reported holding only $4.1 million in cash as of April. The shift leaves the Dogecoin treasury model with a notable public example of a listed company stepping away from a high-profile crypto allocation and back into a capital-intensive operating and infrastructure plan. For Dogecoin, the loss of its official corporate treasury also removes a visible institutional holder that had been tied to its payment-system ambitions.