Dogecoin Treasury Firm CleanCore's Stock Hits New Low as DOGE Dives
CleanCore Solutions has faced a significant downturn, with its stock price plummeting to a new low, down 78% over the past month. The company, which holds $117.5 million in Dogecoin (DOGE) as part of its treasury strategy, reported substantial year-over-year losses in its fiscal Q1 2026 earnings. Despite increased revenue of $0.9 million, the firm incurred a net loss of $13.4 million, primarily due to one-time expenses linked to its treasury initiatives. The stock, traded under the ZONE ticker, dropped to an all-time low of $0.373 amid overall downward trends in the crypto market. CleanCore's strategy aims to enhance the utility of DOGE, with plans to integrate it into real-world transactions, supported by its collaboration with House of Doge. However, the sharp decline in both DOGE's value and the company's stock raises concerns among investors about the sustainability of its treasury model and its impact on future performance.
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