Dogecoin gains institutional support with CleanCore treasury investment
CleanCore Solutions, Inc., listed on NYSE Arca, is considering Dogecoin as a treasury asset.
On September 2, the company announced a $175 million private investment in public equity (PIPE). The proceeds from the PIPE, set to close on September 4, 2025, will be allocated toward acquiring Dogecoin and supporting general working capital.
This initiative is backed by the Dogecoin Foundation and its corporate arm, House of Doge. CleanCore has also secured support from over 80 venture investors, including Pantera, GSR, and FalconX.
“By supporting Dogecoin as an official treasury strategy, backed by the foundation, we’re setting a precedent for how public companies can collaborate with foundations to create real value around digital currency while respecting the community,” said Marco Margiotta, CEO of House of Doge.
Growing interest and new use cases
Dogecoin has already seen filings for spot DOGE ETFs with the U.S. Securities and Exchange Commission (SEC), as well as corporate shifts responding to rising demand for crypto treasury assets.“By laying the groundwork for institutional adoption of Dogecoin through treasury assets and a 21Shares ETF, we’re establishing its legitimacy as a serious currency beyond its meme-driven origins,” said Timothy Stebbing, Director of the Dogecoin Foundation.
As part of the deal, Stebbing, who is also the CTO of House of Doge, has joined CleanCore’s board of directors. Both House of Doge and 21Shares are advising CleanCore on treasury asset strategy.
Hourly chart of CleanCore stock. Source: Trading View
However, CleanCore Solutions’ shares dropped nearly 50% following the Dogecoin treasury announcement.
As we wrote, Elon Musk lawyer to lead $200M Dogecoin fund, Fortune reports
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