Dogecoin Treasury Firm CleanCore’s Stock Hits New Low as DOGE Dives

CleanCore Solutions, Inc. announced the financial results of the first quarter of 2026 ending on September 30, with a focus on its results. recent pivot to embrace the main meme currency Dogecoin as a treasury asset.

But the year-on-year losses of the company have increased, plus DOGE has fallen sharply during the past month, with the share price of CleanCore – the shares traded under ZONE on the NYSE American – hitting a record low on Thursday after the announcement and in the middle of a year. waning of the wider bag.

ZONE fell to a record low of $0.373 on Thursday, according to data from Yahoo Financeand ended the trading day up almost 12% at a price of just over $0.41. In the last month, the price of the company’s shares has increased by almost 78%.

CleanCore has closed a $175 million private placement in partnership with House of Doge – the business arm of the Dogecoin Foundation – to fund its “official” Dogecoin treasury. So far, the cleaning products firm has amassed 733.1 million DOGE, worth about $117.5 million, with plans to help boost Dogecoin’s utility with payments in the real world and beyond.

“We believe that by combining professional governance of the treasury with initiatives that increase the transactional use and adoption of Dogecoin, CleanCore is helping to position DOGE as a trusted reserve asset and a cornerstone of the next generation of digital finance,” said CleanCore CEO Clayton Adams, in a statement.

But that value has been steadily declining of late, with the price of DOGE falling by more than 21% in the last month alone. Dogecoin has fallen about 6% over the last day, recently trading at a price just above $0.16.

And investors can also react to the company’s losses.

CleanCore’s revenue doubled over the year to $0.9 million from $0.4 million, with gross profit improving to $0.5 million (59% margin) from $0.2 million (51% margin). However, the company reported a significant net loss of $13.4 million compared to $0.9 million in the prior-year period, primarily driven by one-time expenses related to the implementation of the treasury strategy.

General and administrative expenses increased to $8.6 million from $0.9 million, attributable to increased professional fees, stock-based compensation, new hire salaries and insurance costs. The quarter included $1.2 million in non-cash stock compensation. Cash reserves were $12.9 million at the end of the quarter.

“Our financial results during the quarter reflected several one-time expenses related to our treasury strategy transaction, while our core business experienced growth and cash flow on a standalone basis,” Adams said. “Going forward, we will continue to invest in our DOGE portfolio and maintain discipline in our core operating business.”