🔥 Elon Musk's lawyer will lead the company with a Dogecoin reserve🔥
House of Doge (a division of the Dogecoin Foundation) is launching a strategic reserve $DOGE together with the public CleanCore Solutions (ticker ZONE, NYSE) 🚀
— The project will be led by Alex Spiro — lawyer for Elon Musk, Jay-Z, and Alec Baldwin.
— CleanCore will conduct a private placement of shares for $175 million to purchase Dogecoin.
— The deal involves more than 80 institutional investors, including Pantera Capital and FalconX.
📉 ZONE shares initially rose by 600% since March, but after the official announcement, they plummeted by almost 60%.
🐕 Market capitalization of $DOGE Dogecoin: $32 billion, exchange rate around $0.21 (−2% over 24 hours).
👉 The strategic reserve is intended to support the use of DOGE in everyday transactions.
⚡️ The market is watching: will DOGE replicate its rise amidst the news, as it did in July when Bit Origin announced a reserve of $500 million (+40% over a week)?
