- CleanCore will sell 175,000,420 pre-funded warrants to finance a Dogecoin treasury.
- Alex Spiro becomes chair as House of Doge and 21Shares oversee governance and reporting.
CleanCore Solutions announced a $175,000,420 private placement to establish the first official Dogecoin Treasury sponsored by the Dogecoin Foundation through its commercial arm, House of Doge.
The company said Dogecoin will become its primary treasury reserve asset, with closing targeted for September 4 subject to customary conditions and NYSE American approvals.
CleanCore sells 175,000,420 pre-funded warrants to finance DOGE purchases
The transaction comprises 175,000,420 pre-funded warrants priced at $1.00 each for expected gross proceeds of $175,000,420 before fees and expenses. CleanCore intends to use the proceeds to acquire Dogecoin for treasury operations and to support working capital needs.
More than 80 institutional and crypto native investors participated, including Pantera, GSR, FalconX, Borderless, MOZAYYX, Mythos and Serrur & Co. LLC. The company entered into registration rights agreements to register the resale of shares issuable in connection with the offering.
Shares of CleanCore, which lists on NYSE American under the ticker ZONE, fell sharply after the announcement, with multiple outlets reporting declines of roughly 60 percent during Tuesday trading. Market commentary linked the move to the scale of the financing and the company’s pivot toward a digital asset treasury strategy.
House of Doge, Dogecoin Foundation & CleanCore Solutions (NYSEAM: ZONE) launch 175M Dogecoin Treasury.https://t.co/XMQGQqLZec
— Dogecoin Foundation (@DogecoinFdn) September 2, 2025
Alex Spiro named chair as House of Doge and 21Shares define oversight and reporting
Alex Spiro will immediately become chairman of CleanCore’s board. Timothy Stebbing, a director at the Dogecoin Foundation and CTO of House of Doge, will join the board, while House of Doge chief executive Marco Margiotta is set to become chief investment officer.
House of Doge will advise the treasury alongside 21Shares, which the parties say brings institutional product expertise and approximately $12 billion of assets under management. The governance framework is expected to include strategic allocation policies, yield management and routine reporting aligned to institutional standards.
The partners outlined a utility-led roadmap that prioritizes payments and tokenization use cases for Dogecoin. Discussions with major exchanges are underway to explore staking-like rewards and yield opportunities for treasury holdings.
The parties said the structure aims to align a foundation-backed asset strategy with public company disclosure norms and exchange listing requirements.
CleanCore described its core business as aqueous ozone cleaning technologies and framed the treasury initiative as part of a broader corporate strategy. The company said the offering relied on private placement exemptions under US securities laws and highlighted plans to file a registration statement for resales by investors.
As of the latest update, Dogecoin (DOGE) is trading at $0.2125, reflecting a +1.9% increase over the past 24 hours. During this period, the price ranged from a low of $0.2087 to a high of $0.2193. Trading volume surged to $2.29 billion, indicating heightened market activity.
