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The Cryptonomics™ > Altcoin > Musk’s lawyer Alex Spiro to chair $200M Dogecoin treasury firm
Altcoin

Musk’s lawyer Alex Spiro to chair $200M Dogecoin treasury firm

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Last updated: August 30, 2025 12:29 am
admin Published August 30, 2025
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Musk’s lawyer Alex Spiro to chair 0M Dogecoin treasury firm



Elon Musk’s legal professional Alex Spiro is about to chair a brand new public firm that goals to boost $200 million to put money into Dogecoin, in keeping with a Fortune report citing six folks aware of the deal.

The initiative is being pitched to traders as a Dogecoin (DOGE) treasury automobile with the endorsement of Home of Doge, the company entity launched in early 2025 by the Dogecoin Basis and headquartered in Miami, Fortune reported Friday.

The corporate seeks to boost at the least $200 million as a public automobile to carry Dogecoin on its steadiness sheet, giving traders stock-market publicity to the token with out direct possession. 

The trouble stays on the pitch stage, with particulars on its construction or launch timing not but disclosed.

Spiro, a Quinn Emanuel Urquhart and Sullivan associate who has represented high-profile shoppers together with Elon Musk, Jay-Z and Alec Baldwin, has been named in investor supplies and conversations because the deliberate chairman of the entity.

Associated: Dogecoin whales de-risk as DOGE value is in peril of dropping 45%

Dogecoin treasury firms are rising

This yr has seen a surge of publicly traded firms rebranding as crypto treasury firms, elevating funds to purchase and maintain digital property on their steadiness sheets. Whereas Dogecoin (DOGE), a memecoin created in 2013, is way much less extensively adopted than Bitcoin (BTC) or Ether (ETH), it has drawn a couple of devoted backers.

In February 2025, Vancouver-based Neptune Digital Property disclosed the acquisition of 1 million Dogecoin through a strategic spinoff buy at a median value of $0.37 per token, including to its rising crypto holdings. It additionally purchased 20 Bitcoin, reinforcing its diversified asset technique.

In July, the Nasdaq-listed firm Bit Origin introduced it had secured as much as $500 million in debt and fairness financing to construct its DOGE treasury. The transfer made it the primary US-traded firm to brazenly plan for Dogecoin to be its core steadiness sheet asset.