Elon Musk’s Lawyer to Chair $200M Dogecoin Investment Vehicle

Elon Musk’s longtime attorney, Alex Spiro, is set to chair a new publicly traded company that aims to raise $200 million to build a Dogecoin treasury, according to a Fortune report citing multiple sources familiar with the ￰0￱ Takeaways: Elon Musk’s lawyer Alex Spiro will chair a new $200M public company aimed at building a Dogecoin ￰1￱ venture, backed by the Dogecoin Foundation’s House of Doge, offers DOGE exposure without direct token ￰2￱ joins a growing list of firms adding Dogecoin to corporate balance sheets amid rising institutional ￰3￱ venture is being pitched to investors as a dedicated Dogecoin holding vehicle backed by the House of Doge , the corporate entity created by the Dogecoin Foundation in early ￰4￱ in Miami, House of Doge has emerged as the central force in institutionalizing the ￰5￱ Public Vehicle to Offer Dogecoin Exposure Without Direct Ownership The company plans to offer stock-market exposure to Dogecoin without requiring direct token ownership from ￰6￱ still in the pitch phase, investor materials name Spiro, partner at Quinn Emanuel Urquhart & Sullivan and Musk’s legal representative in multiple high-profile cases, as the incoming ￰7￱ development comes amid a wave of firms rebranding as crypto treasury companies, raising capital to acquire digital assets.

Dogecoin, originally launched in 2013 as a joke, has gradually found a foothold among a small but growing group of corporate ￰8￱ February, Vancouver-based Neptune Digital Assets disclosed a 1 million DOGE purchase at an average price of $0.37. $200 MILLION DOGECOIN TREASURY TO BE CHAIRED BY ELON MUSK'S PERSONAL LAWYER ALEX SPIRO 6 investors were confirmed by Fortune to have received pitches for an up to $200 million Dogecoin treasury with plans for it to be chaired by Alex Spiro, Elon Musk's lawyer of choice at… ￰9￱ — REDWRITER (@The_REDWRITER) August 29, 2025 The firm also holds Bitcoin and has expanded its treasury through derivatives. Meanwhile, Nasdaq-listed Bit Origin revealed plans in July to raise $500 million in financing to build its DOGE-focused balance sheet, becoming the first US-listed company to do so.

Tesla, the electric vehicle company chaired by Musk, has also acknowledged Dogecoin holdings and accepts the token for select merchandise ￰10￱ Tesla hasn’t disclosed the size of its DOGE reserves, its public endorsement has long been considered a key catalyst for the token’s popularity. Musk’s relationship with Dogecoin has been both promotional and controversial. A 2019 tweet calling Dogecoin his “fav cryptocurrency” helped propel the coin into mainstream ￰11￱ 2021, his Saturday Night Live appearance, where he called Dogecoin a “hustle,” triggered a steep price drop after a hype-fueled ￰12￱ defended Musk in a 2022 lawsuit alleging Dogecoin market ￰13￱ lawsuit was dismissed in ￰14￱ Labs Sues Elon Musk’s X Corp, Alleging Monopoly Abuse As reported, Eliza Labs has filed a lawsuit against X Corp , accusing the Elon Musk-owned company of abusing its dominant position to suppress competition and replicate its ￰15￱ complaint claims that X used its platform power to extract sensitive technical data from Eliza Labs before suspending the firm’s account without ￰16￱ week, Ex Populus, the company behind the Ethereum-based gaming platform XAI, also filed a trademark infringement lawsuit against Elon Musk’s artificial intelligence company, ￰17￱ legal dispute centers on alleged marketplace confusion between Ex Populus’s federally registered “XAI” trademark and Musk’s similarly named venture, launched shortly ￰18￱ Populus claims Musk’s xAI crossed into its territory when he announced plans to launch an AI game studio in late 2024, amplifying confusion among consumers.