CleanCore Solutions, a Nebraska-based cleaning systems maker, saw shares drop 60% after announcing plans to become a Dogecoin treasury company. They disclosed a $175 million private placement with backing from 80+ investors, including Pantera and FalconX. The Dogecoin Foundation and House of Doge are partners in the initiative.

The new DOGE treasury company appointed Elon Musk’s lawyer as board Chairman and will explore staking opportunities and institutional products tied to DOGE. Dogecoin Foundation and House of Doge executives will take roles at CleanCore, with the stock plunging to $2.69 from $6.86.

Spirit Blockchain Capital, Dogecoin Cash Inc., and Bit Origin are other firms building Dogecoin treasuries in 2025. Spirit Blockchain Capital is down over 88%, Dogecoin Cash Inc. has declined 70%, and Bit Origin’s stock has fallen about 64%. DOGE itself has dropped about 33% this year.

Read more at Cointelegraph: CleanCore Plunges 60% After Unveiling $175M Dogecoin Treasury Strategy