Musk’s lawyer Alex Spiro to chair $200M Dogecoin treasury company
Elon Musk’s attorney, Alex Spiro, will chair a new public company aiming to raise $200 million to invest in Dogecoin. This initiative is presented as a Dogecoin treasury vehicle endorsed by House of Doge, established by the Dogecoin Foundation. The company plans to provide stock-market exposure to Dogecoin without direct ownership. Currently, the effort is in the pitch stage, with no details on structure or launch timing disclosed. There has been a rise in publicly traded companies rebranding as crypto treasury firms, with Neptune Digital Assets acquiring 1 million Dogecoin and Bit Origin planning a DOGE treasury with up to $500 million in financing. Tesla has also disclosed Dogecoin holdings and accepts it for merchandise. Musk has a history of influencing Dogecoin's market, including past legal scrutiny over alleged market manipulation, which was dismissed in late 2024.
