Cleancore Solutions, a manufacturer based in the Nebraska of Ozone Aqueous Cleaning Systems, saw its actions plunge more than 60% on Tuesday after announcing its intention to become a Dogecoin cash company.
The company has disclosed a private internship of $ 175 million supported by more than 80 institutional and crypto-natif investors, including Pantera, GSR, Falconx and Borderless.
The profits will be used to acquire Dogecoin (DOGE) as a main reserve ratio of Cleancore, with the initiative led by the new chairman of the board of directors, Alex Spiro, the longtime lawyer of Elon Musk.
The New Doge Treasury Company is also partnering with the Dogecoin Foundation and its commercial arm, House of Doge.
As part of the agreement, the Dogecoin Foundation Director, Timothy Stebbing and the CEO of House of Doge, Marco Margiotta, will occupy board and management positions in Cleancore, with Margiotta, appointed investment director.
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The House of Doge and Crypto-Etf 21Suers will advise on the strategy and governance of the Treasury, including plans to explore performance opportunities in type of intention and institutional investment products linked to DOGE.
“By anchoring Dogecoin with an official cash strategy supported by the Foundation, we create a precedent on the way in which public companies can align with foundations to build real utility around digital currency,” said Margiotta in a press release.
Cleancore actions dropped to $ 2.69 at the start of negotiation on Tuesday, from $ 6.86 at the end of Friday. To date, the actions of the company listed at NASDAQ have dropped by 54%.
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Dogecoin cash companies abound
Several other listed companies have moved to build Dogecoin treasury bills in 2025.
In January, Spirit Blockchain Capital, an investment company focused on blockchain infrastructure, announced its intention to take advantage of its Doge Holdings for element generation strategies. Dogecoin Cash Inc., formerly a cannabis and remote chart, announced in July the purchase of 1 billion Doge through its new subsidiary, Dogecoin Treasury Inc.
In July, Bit Origin, a former Chinese pork producer who pivoted Bitcoin Mining, announced his intention to launch a defeated Dogecoin treasure up to $ 500 million in equity and convertible debt financing.
Companies have experienced less than stellar results since the announcement of Dogecoin’s cash strategies.
The year up to date, Spirit Blockchain Capital is down by more than 88% and Dogecoin Cash Inc. is down 70% over the same period. The Bit Origin stock also dropped by around 64%.
Meanwhile, DOGE dropped by around 33% in 2025, according to tradingView data.
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