CleanCore Solutions, Inc., a company listed on the American Stock Exchange, is eyeing Dogecoin as a treasury asset with an initial $175 million private placement.
Summary
- CleanCore plans to hold Dogecoin as its primary treasury reserve asset.
- The company has raised $175 million to buy DOGE.
- Spot exchange-traded funds and corporate treasury bets could spark gains for Dogecoin price.
Dogecoin (DOGE)’s growing attraction to Wall Street continues with yet another public company raising funds for a DOGE treasury strategy.
On Sept. 2, CleanCore Solutions, listed on NYSE American, announced its move with a private investment in public equity for $175 million. Proceeds of the PIPE, which closes on Sept. 4, 2025, will go toward the purchase of Dogecoin as a treasury asset and for general working capital.
Notably, CleanCore plans to accumulate and hold DOGE as its primary reserve asset.
The move is backed by the Dogecoin Foundation and the foundation’s official corporate arm, House of Doge. CleanCore also attracted the backing of more than 80 venture-capital investors, including Pantera, GSR, and FalconX.
“Dogecoin has always been powered by its community, the most loyal and passionate in the digital asset space,” said Marco Margiotta, chief executive officer of the House of Doge. “By anchoring Dogecoin with an official foundation-backed treasury strategy, we’re setting a precedent for how public companies can align with foundations to build real utility around digital currency, while honoring the community.”
DOGE gains amid ETF, corporate treasury moves
Dogecoin has already seen filings for spot DOGE exchange-traded funds with the U.S. Securities and Exchange Commission, and corporate moves as the crypto treasury bandwagon gathers pace. The bullish outlook from these potential catalysts have recently helped DOGE price higher.
Originally launched as a memecoin, Dogecoin is gaining notable adoption amid new integrations and institutional participation. Key utility initiatives taking shape within the cryptocurrency’s ecosystem include payments and tokenization.
Meanwhile, plans for yield opportunities are attracting attention to DOGE.
“This new treasury vehicle is a fundamental step toward the House of Doge and Dogecoin Foundation’s mission to bring institutional adoption to Dogecoin. By laying the groundwork for institutions through treasury and ETFs with 21Shares we are building underlying legitimacy as a serious currency beyond Dogecoin’s meme-inspired origins,” said Timothy Stebbing, director at Dogecoin Foundation.
As a result of the transaction, Timothy Stebbing, Dogecoin Foundation director and chief technical officer of House of Doge, joins CleanCore’s board. Meanwhile, House of Doge and 21Shares are advisors to the company’s treasury strategy.
