๐ Big news for the Dogecoin fam!
CleanCore Solutions just teamed up with House of Doge (the corporate arm of the Dogecoin Foundation) to launch the very first official Dogecoin treasury. Yep, $175M is on the table, and DOGE will be the companyโs main reserve asset ๐๐ฐ
Backed by more than 80 investors, including Pantera, GSR, FalconX, and Borderless, CleanCore is going all in on DOGE. The funds raised will be used to purchase Dogecoin directly.
Thereโs also an Elon Musk connection here โ his personal lawyer, Alex Spiro, is stepping in as chairman of CleanCoreโs board. On top of that, Dogecoin Foundation Director Timothy Stebbing and House of Doge CEO Marco Margiotta are joining the leadership team.
House of Doge will partner with 21Shares to handle strategy, yield opportunities, and governance, keeping everything transparent and in line with corporate standards ๐โจ
Marco Margiotta explained that this move sets a new example for how companies can work with foundations to build real-world utility for digital currency.
Interestingly, despite the announcement, CleanCoreโs shares dropped over 60% after revealing the plan.
๐ถ๐ #DOGECOฤฐN #DOGE #CryptoNews #ElonMusk #CleanCore #HouseOfDoge #ToTheMoon2024
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