CleanCore Solutions, a Nebraska-based company specializing in aqueous ozone cleaning systems, saw its stock plummet by over 60% on Tuesday after announcing plans to become a Dogecoin treasury company. The company secured a $175 million private placement backed by over 80 institutional and crypto-native investors, including prominent players like Pantera Capital, GSR, FalconX, and Borderless. This investment will allow CleanCore to acquire Dogecoin (DOGE) as its primary reserve asset. Alex Spiro, Elon Musk’s longtime attorney, has been appointed chairman of the new DOGE treasury company, and it’s partnering with the Dogecoin Foundation and House of Doge for this initiative.