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Dogecoin supporters have launched a $175 million treasury fund aimed at institutionalizing the meme cryptocurrency. The initiative has attracted major crypto firms and traditional investors despite market skepticism. CleanCore Solutions will house the treasury, partnering with the newly formed House of Doge commercial arm.
- CleanCore Solutions stock dropped 60% following the treasury announcement, reflecting market concerns about dilution and meme token risks
- The fund structure involves 175,000,420 pre-funded warrants at $1 each, with the offering expected to close by September 2025 pending regulatory approval
- Key leadership includes Alex Spiro (Elon Musk's attorney) as Chairman and 21Shares providing governance and strategy advisory for the treasury operations
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