CleanCore Solutions, a cleaning and disinfection company listed on NYSE American as ZONE, is raising $175 million to create the first official Dogecoin treasury with the Dogecoin Foundation and the House of Doge. The company plans to adopt Dogecoin as its main treasury reserve and aims to boost the cryptocurrency’s use beyond its meme roots.
The private placement, which includes 175,000,420 Pre-Funded Warrants priced at $1 each, is expected to close around September 4, 2025. More than 80 institutional and crypto-native investors, including MOZAYYX, Pantera, GSR, FalconX, Borderless, Mythos, and Serrur & Co. LLC, are backing the deal.
According to the press release, the funds will be used to buy Dogecoin for CleanCore’s treasury operations and to support general corporate purposes. The treasury will receive guidance from the House of Doge and 21Shares, which will provide advisory and support services.
Marco Margiotta, CEO of the House of Doge and newly appointed Chief Investment Officer of CleanCore, said, “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.”
The move also comes with a leadership shake-up. Lawyer Alex Spiro has become Chairman of the Board while Timothy Stebbing, Director at the Dogecoin Foundation and CTO of House of Doge, joined the board.
CleanCore CEO Clayton Adams said, “By anchoring our treasury with Dogecoin, in partnership with the Dogecoin Foundation and House of Doge, we’re adopting a forward-looking reserve strategy while proving how public companies can embrace bold change.”
The plan focuses on expanding Dogecoin’s use for payments, tokenization, and everyday spending. It is designed to attract more institutional interest and retail adoption while creating legitimacy for Dogecoin as a serious digital currency.
Discussions with crypto exchanges are also underway to explore staking-like rewards and yield opportunities for treasury holdings. Timothy Stebbing added, “This new treasury vehicle is a fundamental step toward the House of Doge and Dogecoin Foundation’s mission to bring institutional adoption to Dogecoin.”
This treasury marks a historic moment for Dogecoin and public companies seeking to integrate cryptocurrencies into their operations. It shows how collaboration between foundations and businesses can create real-world use for a digital asset that started as a meme.
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