This week, Dogecoin supporters launched what they're calling the first official DOGE treasury, securing $175 million to buy Dogecoin and attract more institutional interest in the cryptocurrency.
How the Fund Works
The treasury was created through a private investment deal that issued 175,000,420 pre-funded warrants, each priced at $1. This setup gives the fund immediate access to capital for purchasing DOGE. The initiative has attracted major players from both the crypto world and traditional finance.
Over 80 investors participated in raising the $175 million, including well-known firms like Pantera, GSR, FalconX, Mythos, and Borderless. The deal is expected to be finalized by September 4, 2025, pending regulatory approval and the official listing of the warwarrantsl
Who’s Involved
The leadership team includes some high-profile names. Alex Spiro, a lawyer known for representing Elon Musk, will be Chairman of the Board at CleanCore—the organization managing the fund.
Also joining the board is Timothy Stebbing, a Director at the Dogecoin Foundation and CTO of House of Doge. Marco Margiotta, the CEO of House of Doge, will take on the role of Chief Investment Officer at CleanCore.
