Dogecoin Foundation, Cleancore Launch $175M Treasury with Alex Spiro
The Dogecoin Foundation and Cleancore (NYSE: ZONE) have launched a $175 million dogecoin (DOGE) treasury...
Quick overview
- The Dogecoin Foundation and Cleancore have launched a $175 million DOGE treasury through a PIPE deal, marking a significant step in integrating cryptocurrency into corporate finance.
- Cleancore has appointed Alex Spiro, Elon Musk's lawyer, as its new chairman, highlighting his transition from legal defense to corporate leadership.
- The partnership aims to strengthen DOGE's presence in institutional finance and position Cleancore as an innovator in cryptocurrency adoption.
- This initiative represents a shift in how mainstream companies view digital assets, moving beyond speculation to structured reserves.
The Dogecoin Foundation and Cleancore (NYSE: ZONE) have launched a $175 million dogecoin (DOGE) treasury through a private investment in public equity (PIPE) deal. This is a big step in getting cryptocurrency into corporate finance with backing from big investors like Pantera Capital and GSR.
Cleancore, an Omaha-based cleaning solutions company, has also named Alex Spiro as its new chairman. He’s Elon Musk’s lawyer and is stepping out of the courtroom to run a publicly traded company tied to one of the most well known crypto communities.
Alex Spiro’s Big Time Career
Spiro, a Harvard Law School grad and former CIA fellow, rose to fame in 2016 when he defended NFL star Aaron Hernandez. He got an acquittal in a double homicide case although Hernandez was already serving a life sentence for a separate conviction.
💰 CleanCore Solutions forms a $175M $DOGE treasury with the Dogecoin Foundation.
📈 Spot $BTC ETFs attract over $332M in inflows as institutional interest returns.
🔧 A bug in the Reth execution client is causing some $ETH nodes to stall.— Mavenis (@MavenisCrypto) September 3, 2025
His clients include:
- Jay-Z, rapper and business mogul
- Alec Baldwin, Hollywood actor
- MrBeast, top YouTube creator
The New York born lawyer’s move into corporate leadership is a sign of his growing influence. With Cleancore he’ll help oversee what could be the only public treasury directly supported by the Dogecoin Foundation.
Innovation Through Crypto Reserves
Cleancore CEO Clayton Adams called the partnership a bold move saying “anchoring company reserves with dogecoin is a forward looking reserve strategy”. By putting DOGE on its balance sheet Cleancore is showing how public companies can integrate digital assets while maintaining market credibility.
🚨 Just in: CleanCore Solutions becomes the first public company to hold $DOGE as its official treasury reserve!
💰 $175M raised via pre-funded warrants
📊 Governance backed by Dogecoin Foundation & House of Doge
🏦 80+ institutional investors on board
#Dogecoin #DOGE #Crypto pic.twitter.com/Zmbyhh3HLr— PrincipeCripto (@PrincipeCripto) September 3, 2025
The $175 million war chest will be used for:
- Strengthening DOGE’s presence in institutional finance
- Positioning Cleancore as a corporate innovator
- Building credibility for cryptocurrency adoption in public companies
This partnership shows how mainstream companies are starting to experiment with digital assets not just as speculative tools but as structured reserves. For Dogecoin a meme coin, this could be a new chapter in corporate finance.
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