House of Doge, the Dogecoin Foundation, and CleanCore Solutions (NYSEAM: ZONE) Unveil a $175 Million Dogecoin Treasury! 🐶💼
What’s Happening
CleanCore Solutions has struck a $175 million private placement deal to convert into the first official Dogecoin Treasury company, making DOGE its primary reserve asset.
Over 80 institutional and crypto-native investors—including heavyweights like Pantera, GSR, and FalconX—backed the initiative.
The deal involves the issuance of 175 million pre-funded warrants priced at $1 each.
Leadership & Oversight
Alex Spiro, the high-profile attorney known for representing Elon Musk, has been appointed Chairman of CleanCore’s Board.
The House of Doge (the Dogecoin Foundation’s corporate arm) and digital asset manager 21Shares will jointly oversee treasury governance, including allocation, compliance, and reporting.
CleanCore Stock Reaction
Following the announcement, CleanCore’s stock plummeted nearly 60%, signaling investor caution toward this bold pivot.
Why It Matters
This move represents a landmark transition for Dogecoin, positioning it as a recognized reserve asset within a public company.
With structured oversight and funding from influential partners, the initiative aims to bolster legitimacy, institutional confidence, and broader adoption of Dogecoin.
Summary with Emojis
Big Deal Alert: $175 M Dogecoin Treasury launched! 💸
Institutional Power: Backed by Pantera, GSR, FalconX & 80+ others 🤝
Leadership: Alex Spiro takes the helm as Chairman 🔑
Oversight: House of Doge + 21Shares ensure structure & governance 🛡️
Wall Street Response: Stock dives nearly 60% – a sign of headwinds ahead 📉
What’s Next: Institutional Dogecoin adoption gains .
#Binance #Dogecoin #DogeFamily #ZoeCryptoAnalyst #DogeRocket $DOGE