Cleancore Solutions, a manufacturer of aqueous ozone cleaning systems based in Nebraska, saw its actions dive more than 60% on Tuesday after announcing plans to become a Dogecoin treasury company.
The company revealed a private placement of $ 175 million supported by more than 80 institutional and crypto-national investors, including Panther, GSR, Falconx and Borderless.
Income will be used to acquire Dogecoin (Doge) as the main reserve asset of Cleancore, with the initiative led by the newly appointed president of the Junta Alex Spiro, Elon Musk’s lawyer.
The new Treasury Treasury company is also being associated with the Dogecoin Foundation and its commercial arm, House of Doge.
As part of the agreement, the director of the Dogecoin Foundation, Timothy Stebbing, and the CEO of House of Dege, Marco Margotta, will take papers and executives in Cleancore, with Margiotta appointed investment director.
https://www.youtube.com/watch?v=klfrkmmpdmk
The issuer of the Doge and Crypto-ETF 21Shares chamber will advise on the strategy and governance of the Treasury, including plans to explore performance opportunities similar to institutional stagnations and investment products linked to Doge.
“When Dogecoin anchor with an official treasury strategy supported by the Foundation, we are establishing a precedent on how public companies can align with the bases to build real utility around the digital currency,” Margiotta said in a statement.
Cleancore shares fell to $ 2.69 in the first operations on Tuesday from $ 6.86 at the end of Friday. At the time of writing this article, the shares of the company that is quoted in Nasdaq has dropped 54%.
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Dogecoin Treasury companies abound
Several other companies that are publicly marketed have moved to build Dogecoin treasures in 2025.
In January, Spirit Blockchain Capital, an investment company focused on blockchain infrastructure, announced plans to take advantage of its duxtings for performance generation strategies. Dogecoin Cash Inc., previously a cannabis and telesalud company, announced in July the purchase of 1 billion duxt dux through its new subsidiary, Dogecoin Treasury Inc.
In July, Bit Origin, a former Chinese pork producer who turned in Bitcoin Mining, announced plans to launch a Dogecoin treasure backed by up to $ 500 million in capital and financing of convertible debt.
Companies have seen less than star results since they announced the strategies of the Dogecoin Treasury.
With regard to date, Spirit Blockchain capital has dropped more than 88%, and Dogecoin Cash Inc. is decreasing 70% during the same period. Bit Origin shares have also fallen around 64%.
Meanwhile, Dege has fallen around 33% in 2025, according to TrainingView data.
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