Dogecoin Treasury Bet Backfires: CleanCore Stock Crashes 78% to Record Low
2025-11-15 00:55
CleanCore Solutions’ aggressive push into Dogecoin as an official treasury asset has triggered a market backlash, with the company’s stock collapsing nearly 78% over the last month as investors weigh deep quarterly losses and a sharp downturn in DOGE’s price. The stock, which trades under the ticker ZONE on the NYSE American, fell to a record low of $0.3818 this week and ended Thursday’s session down almost 12%. Source: Yahoo Finance The decline continued into Friday, deepening concerns over its crypto-heavy balance sheet. Dogecoin Strategy Drags CleanCore Lower as Operating Costs Skyrocket The plunge comes just days after CleanCore reported its fiscal first-quarter results for the period ending September 30, revealing a widening net loss of $13.4 million, compared to $0.9 million during the same period last year. Source: MarketScreener While revenue doubled year-over-year to $0.9 million, and gross profit improved to $0.5 million, the firm’s spending surged. General and...
