CleanCore Solutions has acquired 733.1 million Dogecoin (DOGE), valued at approximately $117.5 million, as part of its treasury strategy. This acquisition was facilitated through a $175 million private placement with House of Doge. Despite a 100% year-over-year revenue increase to $0.9 million, CleanCore reported net losses of $13.4 million, attributed to one-time treasury expenses.
The company's stock (ZONE) fell nearly 12% to $0.41 on Thursday, marking a record low. This decline coincides with a 21% drop in DOGE's price over the past month, reflecting market volatility impacting both the cryptocurrency and CleanCore's financial performance.
CleanCore Acquires 733.1M DOGE Amid Stock Decline
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