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CleanCore’s $175M Dogecoin Treasury Gamble Sends Shares Plummeting 60%

CleanCore’s $175M Dogecoin Treasury Gamble Sends Shares Plummeting 60%

Author:
Coindesk
Published:
2025-09-02 14:47:55
19
3

CleanCore in $175M Deal to Establish a Dogecoin Treasury; Shares Tumble 60%

CleanCore just bet big on meme magic—and Wall Street isn't laughing.

The Strategic Pivot

Instead of stacking cash or traditional assets, the company dropped $175 million to establish a Dogecoin treasury reserve. The move positions them among the first major corporations to embrace meme coin adoption at this scale.

Market Backlash

Investors responded with a brutal sell-off, slicing CleanCore's share price by 60% in a single session. The reaction highlights the stark divide between crypto enthusiasm and traditional finance skepticism.

High-Risk, High-Reward?

While some praise the forward-thinking approach, critics call it a reckless gamble with shareholder value—another case of corporate funds chasing internet hype rather than solid fundamentals.

Love it or hate it, CleanCore's play proves one thing: in today's market, even the 'joke' coins aren't laughing matters anymore.

|Square

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