Doge Partners with CleanCore Launch $175M Dogecoin Treasury

By

Triparna Baishnab

Triparna Baishnab

House of Doge Inc. teams up with CleanCore Solutions to launch a $175M Dogecoin digital asset treasury. Read more details here

Doge Partners with CleanCore Launch $175M Dogecoin Treasury

Quick Take

Summary is AI generated, newsroom reviewed.

  • The House of Doge Inc. and CleanCore Solutions partnership has launched a $175M Digital Asset Treasury for Dogecoin.

  • Elon Musk’s lawyer Alex Spiro has been appointed chairman of the treasury’s board, signaling strong legal guidance.

  • CleanCore’s stock dropped over 60% in pre-market trading amid skepticism over its pivot into crypto.

  • The initiative aligns with a growing trend of corporations integrating memecoins into their treasuries, though long-term sustainability remains uncertain.

House of Doge is corporate and linked to Dogecoin Foundation. They recently signed a massive partnership with CleanCore Solutions to form DAT ie Digital Asset Treasury of Dogecoin. Critics estimate this treasury is at $175 million seeking a long term financial stability. This time the coin is aiming higher than that of meme roots and discovering new arenas. The program statrged off with a private investment in the public equity generating around $175 million as mentioned. The fundraising involved over 80 investors, Pantera Capital, FalconX, GSR Markets and Mythos Capital.

Alex Spiro Joins as Chairman

On top of the surprise of the announcement itself was the choice of high-profile attorney and close legal counsel to Elon Musk Alex Spiro as the chairman of the DAT board. The engagement of Spiro is credible and controversial. Having led Musk in critical litigation work against Tesla and the SEC, his appearance is indicative of a legal-first strategy in finding ways to negotiate regulatory hurdles that Dogecoin may encounter as it becomes more institutionalized.

Monetary Troubles at CleanCore dwarf the transaction.

With all the glorifying, investors have been skeptical of CleanCore Solutions at first. Its shares under the ticker name ZONE fell over 60 percent in pre-market trade after the announcement. Analysts attribute the decline in part to dilution issues of the PIPE transaction and skepticism around the fact that CleanCore has abruptly shifted its focus from its main business of aqueous ozone cleaning technologies onto digital assets. According to the financial filings, CleanCore has around $1.1 million in quarterly revenue. It is said to have reported a net loss of 6.74 million in fiscal 2025. This creates doubts about its financial health in the long term.

Corporate adoption of Memecoin takes off.

This establishment of Dogecoin publicly traded corporation makes CleanCore is a part of an emerging trend of memecoins. In early 2025, Bit Origin declared that it wouldould store 40.5 million ShibaInu tokens as a part of this treasury. This is indeed one of the first instances of a company behaving like a memcoin is a strategic reserve asset! House of Doge and CleanCore DAT take things a step further with the publication. Observers think that this could one day lead to a Dogecoin ETF study product, but no flings have been submitted to the regulations yet.

Dogecoin Future.

Dogecoin believers have the ulterior belief that this announcement highlights a significant milestone once this token matures. The institution of reserves and applications in Dogecoin give this project a new impetus on its way to maintream the acceptance. But the severe price decline in CleanCore shares shows that the wider market has not yet been convinced of the financial viability of linking corporate futures to memecoins. Dogecoin itself has long been a very volatile cryptocurrency. This is usually driven by cultural trends and social media viewed to the fundamental core.

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