Dogecoin Treasury Could Be Backed by CleanCore’s $175M Placement, Dogecoin Foundation Clarifies No New Token

• CleanCore raised $175,000,420 through 175,000,420 pre-funded warrants to create a Dogecoin treasury.

• Proceeds are designated for Dogecoin reserves, working capital and corporate purposes.

• Dogecoin Foundation clarified no new token was issued; references to ZONE were misread as a scam.

Dogecoin treasury: CleanCore forms $175,000,420 Dogecoin treasury; read the full breakdown and Dogecoin Foundation clarification. Learn more with COINOTAG coverage.

What is the CleanCore Dogecoin treasury?

Dogecoin treasury refers to CleanCore’s newly formed reserve of Dogecoin funded by a $175,000,420 private placement that issued 175,000,420 pre-funded warrants at $1 each. The treasury is intended as CleanCore’s primary reserve asset and to support working capital and corporate purposes.

How did CleanCore fund the Dogecoin treasury?

CleanCore completed a private investment in public equity (PIPE) offering that sold 175,000,420 pre-funded warrants priced at $1 each, generating $175,000,420 in proceeds. The offering closed on Sept. 4, and funds are allocated to Dogecoin reserves and general corporate needs.

Why did the Dogecoin Foundation issue a clarification?

The Dogecoin Foundation clarified that mentions of ZONE — the NYSE ticker for CleanCore — were misinterpreted on social platforms. The organization confirmed the treasury is active and explicitly stated no new token or alternative cryptocurrency was created, noting any such claims are scams.

Frequently Asked Questions

How many pre-funded warrants did CleanCore issue?

CleanCore issued 175,000,420 pre-funded warrants at $1 each in the private placement, producing $175,000,420 in gross proceeds for the Dogecoin treasury and corporate use.

Is this a new Dogecoin token?

No. The Dogecoin Foundation confirmed this is not a new token. Statements referencing ZONE were misread on social platforms; there is no issuance of a new Dogecoin-derived token.

Who supports the treasury?

The Dogecoin Foundation and the House of Doge (the commercial arm of the Dogecoin Foundation) acknowledged the Dogecoin treasury. These organizations provided public clarification regarding the treasury’s status.

How can investors verify the Dogecoin treasury authenticity?

Follow these verification steps to confirm the treasury and official statements. Look for confirmations from the Dogecoin Foundation and the company’s publicly filed offering documents. Verify issuance details and closing date in the company’s official filings or investor communications.

Step-by-step verification (HowTo)

1. Check CleanCore’s public investor filings or official company statements for offering details.
2. Confirm the number of pre-funded warrants (175,000,420) and total proceeds ($175,000,420).
3. Review the Dogecoin Foundation’s public clarification confirming no new token was issued.
4. Monitor company disclosures for treasury allocation and subsequent reporting.

Summary table

Key Takeaways

• Significant funding: CleanCore raised $175,000,420 via a PIPE offering to establish a Dogecoin treasury.
• Official confirmation: The Dogecoin Foundation confirmed the treasury is active and no new token was created.
• Investor action: Verify offering documents and foundation statements before acting on secondary reports.

Conclusion

CleanCore’s establishment of a Dogecoin treasury via a $175,000,420 private placement is a clear corporate move to hold Dogecoin as a reserve asset and fund operations. The Dogecoin Foundation’s clarification removes confusion about any new token issuance. Readers should consult official company filings and foundation statements for verification and ongoing reporting. COINOTAG will continue monitoring developments and reporting updates.