ClearnCore Solutions’ stock price has plummeted 76% in the past month as the company’s bet on becoming a Dogecoin (DOGE) treasury company sours.
The implosion continued last day as the stock fell to a low of $0.373 before closing 11% lower at $0.41.
CleanCore stock price (Source: Google Finance)
The slump coincided with a sharp decline in the DOGE price, which has fallen more than 6% in the past 24 hours and 20% in the past month, according to figures. CoinMarketCap.
CleanCore has amassed 733.1 million DOGE, the largest meme coin by market cap, worth about $117.5 million, after saying it aims to expand the meme coin’s usefulness with real-world payments and more.
CleanCore posted a net loss after the DOGE Treasury Pivot
Financial results for the quarter ended September 30 showed a net loss of $13.4 million, compared to $0.9 million a year earlier Revenue more than doubled from $0.4 million to $0.9 million, from $0.9 million to $0.9 million.
Most of the losses were due to one-time expenses related to the transition to DOGE’s treasury management, the report said.
“Our financial results during the quarter reflect several one-time expenses related to our treasury strategy transaction, while our core businesses experienced growth and cash flow on a standalone basis,” the company’s CEO Clayton Adams said in a statement.
“Moving forward, we will continue to invest in our DOGE portfolio and maintain discipline in our core businesses,” Adams added.
This came after the company closed a $175 million private placement in partnership with House of Doge, the commercial arm of the Dogecoin Foundation.
The @HouseofDogethe official industry of the @DogecoinFdnhas announced that they will be officially listed on NASDAQ under the ticker $TBH through a reverse takeover.
The Dogenhuis was founded with the aim of expanding $DOGE utility through payments, education,… pic.twitter.com/4okjDUWtsO
— The Navy (Meral) October 13, 2025
Other DAT companies are going bankrupt
Nearly all digital asset treasury companies are struggling after the market took a bearish turn. Cryptos The cryptocurrency market cap has fallen more than 6% in the past 24 hours to a market cap of around $3.28 trillion, with market leader Bitcoin down almost 14% in the past month.
Michael Saylor’s Strategy, the pioneer of the trend, has seen its share price plummet more than 30% in the past month, Google Finance shows.
Similarly, Japan-based Metaplanet, which is ranked as the fourth largest Bitcoin treasury company, has seen its share price fall by more than 17% over the same period.
Meanwhile, leading Ethereum treasury company BitMine, led by Fundstrat CIO Tom Lee, has suffered a share price drop of more than 30% in the past 30 days.
Amid the stock price declines, the parent company of the Japan Stock Exchange, the Japan Exchange Group (JPX), is reportedly looking to tighten regulations around companies considering a crypto pivot.
Among these plans is the possible 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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