CleanCore Solutions announced a plan to establish a corporate treasury denominated in Dogecoin (DOGE), backed by the Dogecoin Foundation and House of Doge. The company raised $175 million through a private sale of 175,000,420 pre-funded warrants priced at $1 each under a PIPE structure. More than 80 institutional investors participated, including MOZAYYX, Pantera, GSR, FalconX, Borderless, Mythos, and Serrur & Co. CleanCore says the initiative aims to create a precedent for how public companies can partner with foundations to build utility around a digital currency and to foster institutional adoption. Alex Spiro, attorney for Elon Musk, will join the company as chairman of the board, and Marco Margiotta, CEO of House of Doge, will serve as CleanCore's chief investment officer. Timothy Stebbing of the Dogecoin Foundation commented that the vehicle will help pave the way for institutions via treasuries and ETFs with 21Shares; the article notes Dogecoin remains popular even as the broader altcoin market lags.

Total raised

$175M

Funding rounds

1

Latest round

Equity

Latest activity

Sep 2025