#DogeCoinTreasury
CleanCore Solutions, in partnership with the Dogecoin Foundation’s commercial arm House of Doge, has launched what’s being dubbed the first official Dogecoin Treasury.
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Through a $175 million private placement, the company issued 175 million pre-funded warrants (priced at $1 each) to acquire DOGE as its primary treasury reserve asset, pending regulatory approval around September 4, 2025 .
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Elon Musk’s longtime attorney, Alex Spiro, now chairs CleanCore’s board, while Timothy Stebbing and Marco Margiotta, both from the House of Doge, join as director and chief investment officer, respectively .
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The initiative seeks to lend institutional legitimacy to Dogecoin, exploring opportunities like staking rewards and utility-based applications .
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Markets reacted sharply: CleanCore’s stock plunged roughly 53–60% on the announcement, revealing investor skepticism toward a meme-coin treasury pivot .