CleanCore Solutions (ZONE.US) shares surged 59.54% during Monday's after-hours trading session following the company's disclosure of its new treasury management strategy. The company announced it has acquired 285.4 million Dogecoin (DOGE) for approximately $68 million.

The company has also established an ambitious new objective: to acquire $1 billion worth of Dogecoin within the next 30 days. This target represents the first phase of CleanCore Solutions' long-term strategy to secure 5% of the circulating Dogecoin supply.

Last week, the company announced it had raised $175 million through a private placement offering specifically to establish Dogecoin reserves. More than 80 investors participated in this transaction, which received backing from the Dogecoin Foundation and House of Doge.

"CleanCore Solutions' reserve initiative was conceived to capture the value inherent in Dogecoin's characteristics as the people's currency," stated Marco Margiotta, Chief Investment Officer of CleanCore Solutions and Chief Executive Officer of House of Doge. "Our reserve strategy aligns with House of Doge's forward-looking vision, where enhanced functionality is expected to drive broader adoption, thereby increasing demand for Dogecoin as a global digital asset."

At the time of publication, Dogecoin's price had risen 4.3% to $0.24 per token.