In a significant move for the cryptocurrency world, a U.S. industrial company has embraced Dogecoin, establishing a dedicated treasury that aims to bridge traditional finance with the popular meme coin. This development, supported by key Dogecoin entities, marks a notable step towards broader corporate adoption and utility for Dogecoin, while also prompting an important clarification from its foundation.
CleanCore Establishes Official Dogecoin Treasury
U.S.-based machine industry firm CleanCore has announced the creation of an official Dogecoin treasury through a substantial $175,000,420 private placement. The company issued and sold 175,000,420 pre-funded warrants at $1 each, with the proceeds earmarked to enable CleanCore to adopt Dogecoin as its primary treasury reserve asset. This strategic pivot, which closed on September 4, positions CleanCore as the first public company to establish a Dogecoin treasury officially supported by both the Dogecoin Foundation and the House of Doge, the Foundation's commercial arm. The initiative is also designed to provide funding for general working capital and other corporate purposes, signaling a strong belief in Dogecoin's future.
Dogecoin Foundation Clarifies Treasury's Role, Dispels Token Rumors
Following the establishment of the Dogecoin treasury, the Dogecoin Foundation issued a crucial clarification to address community speculation, particularly dispelling rumors of a new token being created. The Foundation confirmed that the Dogecoin Treasury is now active, explaining its primary function: to provide a direct link for traditional investors to support Dogecoin and contribute to its acceptance and use as a global currency. Furthermore, the Foundation explicitly stated that any mention of "ZONE" (CleanCore's NYSE ticker) was misinterpreted as a new scam token, emphatically assuring the community that no new token or cryptocurrency is being announced. This clarification puts to rest any misconceptions, reinforcing that the treasury's purpose is to bolster the existing Dogecoin ecosystem, not introduce new digital assets.
