CleanCore raises $175M to launch Dogecoin treasury, pioneering a new model of crypto-backed corporate finance with institutional support.
CleanCore Solutions (NYSE: ZONE) has successfully raised $175 million through a private placement to establish the first official Dogecoin (DOGE) treasury. This move marks a significant milestone in the integration of cryptocurrencies into corporate finance. It is being launched in partnership with the Dogecoin Foundation and the House of Doge, the commercial unit of the foundation. The new treasury framework makes Dogecoin not only an open-source digital asset but a serious element of institutional financial policy.
CleanCore Adds Dogecoin Leaders to Board in Crypto Pivot
CleanCore, as part of this strategic development, will take Dogecoin as its key treasury reserve asset. The company will use the collected money to buy DOGE and then send it directly to its treasury business. Company officials indicated that this effort is part of a larger vision to position CleanCore as part of the future of decentralized finance and to serve as an example of how public companies can collaborate with crypto foundations.
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The private placement brought on board more than 80 top institutions and crypto-native investors. These are large companies like Pantera Capital, GSR, FalconX, MOZAYYX, Mythos and Serrur and Co LLC. The company will officially close the offering on or around September 4, 2025, pending regulatory approvals; notably, this includes the NYSE American’s approval of CleanCore’s Supplemental Listing Application.
Besides funding, significant members of the Dogecoin ecosystem will now be a part of the governance framework of CleanCore. Timothy Stebbing, Dogecoin Foundation Director and the Chief Technology Officer of House of Doge are coming to the CleanCore board. Marco Margiotta, House of Doge CEO, will be the CleanCore Chief Investment Officer. As an advisory partner, 21Shares, a crypto asset management company, will give the treasury continual advice on how to operate and expand in the future.
Dogecoin Treasury to Anchor CleanCore’s DeFi Strategy
Marco Margiotta emphasized the strong community foundations of Dogecoin, hinting that the launch of a foundation-sponsored treasury can be seen as an example of how publicly traded companies can partner with crypto foundations to build significant utility around digital holdings.
Equally, Timothy Stebbing termed the treasury model as a major step towards the enhancement of credibility of Dogecoin. He also suggested that the creation of ETF products and institutional partnerships will lead to investor confidence and contribute to the increased use of Dogecoin as a valid financial instrument.
On the other hand, CleanCore CEO Clayton Adams emphasized the innovation that the company has maintained over the years. Using Dogecoin to hold our treasury reserves will not only mark the beginning of a progressive approach but also establish a new precedent of transparency and cooperation between publicly traded companies and crypto foundations.
In the future, CleanCore intends to open up the utility of its DOGE holdings with integrations that incorporate staking-like reward features and yield opportunities to institutional holders. The initiative will also serve to enhance the status of Dogecoin as a practical and scalable payment, tokenization, and daily transaction cryptocurrency.
CleanCore, the Dogecoin Foundation, and the House of Doge are working together on a new and important project in the crypto world. It provides the groundwork of a new model of corporate treasury management – one that builds on the strength of digital assets without compromising institutional rigor and regulatory alignment.
