CleanCore collapses 76% in one month on Dogecoin Treasury bet

ClearnCore Solutions’ stock price has fallen 76% over the past month as the company’s bet to become a Dogecoin (DOGE) cash company has soured.

The implosion continued over the past day as its stock fell as low as $0.373 before closing down 11% at $0.41.

CleanCore share price (Source: Google Finance)

Its fall coincided with a sharp drop in the price of DOGE, which fell more than 6% in the last 24 hours and 20% in the last month, according to CoinMarketCap.

CleanCore accumulated 733.1 million DOGE, which is the largest coin by market capitalization, valued at approximately $117.5 million, after saying it aims to boost the coin’s utility with real-world payments and more.

CleanCore Posts Net Loss After DOGE Treasury Pivot

Financial results for the quarter ending September 30 showed a net loss of $13.4 million, compared to $0.9 million a year earlier, even if revenue more than doubled to $0.9 million, from $0.4 million to $0.9 million.

Most of the losses were due to a one-time expense related to its move to DOGE cash management, it said.

“Our financial results during the quarter reflect several one-time expenses related to our strategic cash transaction, while our core business experienced growth and cash flow on a standalone basis,” company CEO Clayton Adams said in a statement.

“Going forward, we will continue to invest in our DOGE portfolio and maintain discipline in our core operational activities,” Adams added.

This happened after the company closed a $175 million private placement in partnership with House of Doge, which is the trading arm of the Dogecoin Foundation.

THE @MaisonduDogethe official corporate arm of @DogecoinFdnannounced that it would officially be listed on the NASDAQ under the symbol $TBH via a reverse relay socket.

The House of the Doges was created with the aim of increasing $DOGE utility through payments, education,… pic.twitter.com/4okjDUWtsO

– Mario Nawfal (@MarioNawfal) October 13, 2025

Other DAT companies collapse

Almost all digital asset treasury companies are in trouble after the market took a bearish turn. Cryptocurrencies The crypto market cap slipped more than 6% in the past 24 hours to a market cap of around $3.28 trillion, with market leader Bitcoin sliding nearly 14% in the past month.

Trend pioneer Michael Saylor’s strategy has seen its stock price drop more than 30% in the past month, Google Finance watch.

Similarly, Japanese company Metaplanet, ranked fourth-ranked Bitcoin treasury company, saw its stock price fall by more than 17% during the same period.

Meanwhile, BitMine, Ethereum’s leading treasury company, led by Fundstrat CIO Tom Lee, has suffered a share price decline of more than 30% in the past 30 days.

Amid falling stock prices, the parent company of the Japanese Stock Exchange, Japan Exchange Group (JPX), is would have is looking to tighten its regulations regarding companies considering a crypto pivot.

Among these plans are the potential implementation of a stricter interpretation of backdoor listing rules and a possible requirement for companies to undergo new audits if they engage in large-scale crypto accumulation.

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