Dogecoin Gets Its First $175 Million Treasury
Dogecoin supporters have launched the first official DOGE treasury worth $175 million. The goal is to buy Dogecoin and make it more attractive to big investors and institutions.
How It Works
The fund raised $175 million by selling 175,000,420 warrants (special financial contracts) at $1 each. Over 80 investors joined in, including big names like Pantera, GSR, FalconX, Mythos, and Borderless. The deal is expected to close around September 4, 2025, once approvals are complete.
The Company Behind It
The treasury is managed by CleanCore Solutions in partnership with House of Doge. However, after the news, CleanCore’s stock dropped nearly 60%, from about $6.85 to $2.69. Investors worried about risks and how the market would react to a company tied to a “meme coin.”
Leadership
Some well-known figures are involved:
- Alex Spiro (lawyer for Elon Musk) – Chairman of the Board
- Timothy Stebbing (Dogecoin Foundation) – Board member
- Marco Margiotta (House of Doge CEO) – Chief Investment Officer
- 21Shares – Advisor for governance and strategy
Why This Matters
The new treasury wants to move Dogecoin beyond its meme status and make it useful for:
- Corporate reserves
- Payments
- Tokenization projects
- New financial products
The details about how the treasury will store and trade Dogecoin are still unclear. But this is seen as a big step in giving DOGE a more serious role in the crypto world.
