Dogecoin treasury firm CleanCore stock slides as losses mount, DOGE value drops

Dogecoin treasury CleanCore Solutions has managed to keep growing its holdings of DOGE, and yet its stock has slid to its lowest level all year.

In its fiscal first-quarter earnings report, for the period ending on Sept. 30, CleanCore reiterated its long-term objective of acquiring 5% of Dogecoin's circulating supply. CleanCore said revenue for the quarter was up to $900,000 versus $400,000 during the same period a year ago.

Despite the minor revenue growth, the company posted a net loss for the quarter of $13.4 million. "Our financial results during the quarter reflect several one-time expenses related to our treasury strategy transaction," CEO Clayton Adams said.

CleanCore's shares dropped 7% on Thursday to $0.43, the stock's lowest point of 2025, according to Yahoo Finance. At one point in late August, before the transition to a DOGE treasury, the company's shares were changing hands at about $7 per share. CleanCore and the House of Doge announced their partnership in September.

Last month, CleanCore said it held 710 million Dogecoin, worth about $188 million at the time. At about $0.16 on Thursday, DOGE is down over 25% in the past three months, leading to CleanCore's DOGE holdings being valued at nearly $123 million.

CleanCore also said it had closed its $175 million private placement meant to fund its "formation of the official Dogecoin treasury strategy in partnership with House of Doge."