TL;DR
- House of Doge and CleanCore Solutions launch the first official Dogecoin treasury backed by the foundation, with the memecoin as its primary reserve asset.
- The treasury will be funded with $175 million through 175,000,420 Pre-Funded Warrants, with over 80 institutional and crypto-native investors participating in the operation.
- Alex Spiro will chair the treasury and CleanCore, while 21Shares will oversee governance and yield opportunities, including potential staking mechanisms.
House of Doge has partnered with CleanCore Solutions (NYSE: ZONE) to establish the first official Dogecoin treasury backed by the foundation. The initiative aims to position the memecoin as the primary reserve asset and create an institutional framework that allows public companies to integrate cryptocurrencies into their financial operations.
The treasury will be financed through a $175 million private investment in public equity (PIPE), issuing 175,000,420 Pre-Funded Warrants at $1 each. The proceeds will be used primarily to purchase Dogecoin, which will be added to the treasury’s balance, and to cover working capital and general corporate purposes. The operation involves over 80 institutional and crypto-native investors, including MOZAYYX, Pantera, GSR, FalconX, Borderless, Mythos, and Serrur & Co. LLC.
Alex Spiro, Elon Musk’s personal attorney, will serve as chairman of the treasury and CleanCore, while Timothy Stebbing, director of the foundation, and Marco Margiotta, CEO of House of Doge, will join the board and executive management of the company. Additionally, 21Shares, a crypto ETP issuer managing over $12 billion in assets, will oversee asset allocation, yield opportunities, and treasury governance, ensuring transparency and adherence to institutional standards.
Seeking Yield Opportunities with DOGE
The project aims to create yield-generating tools for the treasury’s assets, including potential staking mechanisms, and to increase the memecoin’s adoption for payments, tokenization, and everyday use. Several public companies have added altcoins to their treasuries, including Bit Origin, which acquired 40.5 million DOGE.
CleanCore trades on the New York Stock Exchange under the symbol ZONE, with shares having fallen to $2.90 at the time of the announcement. The closing of the offering is expected around September 4, 2025, pending approval of the supplemental listing by NYSE American
