Dogecoin Treasury Firm CleanCore's Stock Hits New Low as DOGE Dives

CleanCore Solutions has seen its stock plummet 78% in the last month, hitting a new low as Dogecoin's value declines sharply. The firm revealed fiscal first quarter results, noting significant year-over-year losses with a net loss of $13.4 million compared to $0.9 million a year prior. This decline coincides with a broader downturn in the cryptocurrency sector, where Dogecoin's value dropped over 21% in the past month. Despite holding a substantial reserve of 733.1 million DOGE, valued at approximately $117.5 million, the firm's stock—traded under ZONE on the NYSE American—fell nearly 12% to just over $0.41. The steep losses were exacerbated by heightened general and administrative expenses, which surged to $8.6 million. CEO Clayton Adams emphasized efforts to boost Dogecoin's utility and position it as a trusted digital asset, stating that the company will continue investing in its DOGE portfolio amidst these financial challenges.

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