CleanCore Solutions Plunges 15.79% on Dogecoin Treasury Deal

On September 3, 2025, CleanCore Solutions experienced a significant drop of 15.79% in pre-market trading.

CleanCore Solutions recently announced a $175 million deal to establish a Dogecoin treasury, which has had a notable impact on its stock performance. The company's shares plummeted by 60% following the announcement, reflecting investor concerns over the high-risk nature of the investment and potential dilution of existing shares.

The strategy involves staking yields and is backed by prominent institutional investors, including Pantera and the Dogecoin Foundation. This move positions CleanCore as a Dogecoin treasury company, similar to Bit Origin, and marks a significant shift in its reserve asset strategy.

Analysts attribute the decline in part to the dilution of shares resulting from the private placement, which involved over 80 institutional investors. The company's decision to adopt Dogecoin as its primary reserve asset has sparked mixed reactions, with some viewing it as a high-risk, high-reward gamble.