Elon Musk’s Lawyer to Chair $200M Dogecoin Treasury, Report Says
Alex Spiro, an attorney known for representing high-profile clients including Elon Musk, is reported to be the planned chairman of a new public company aiming to raise roughly $200 million to hold Dogecoin on its balance sheet. The effort is being pitched as a way for investors to gain stock-market exposure to Dogecoin without directly owning the token.
The initiative is described as a Dogecoin treasury vehicle backed by House of Doge, the corporate entity launched by the Dogecoin Foundation and based in Miami. According to the report, the company’s organizers are seeking at least $200 million in capital, but details about the vehicle’s exact structure and its launch timeline remain undeclared as the plan is still at the pitch stage.
Spiro, a partner at Quinn Emanuel Urquhart & Sullivan, is named in investor materials and conversations as the proposed chairman. His legal résumé includes defending high-profile clients in several widely publicized matters, and he led Musk’s defense in a 2022 investor lawsuit over Dogecoin that was dismissed in late 2024.
The report places this proposal in the context of a broader trend: 2025 has seen a rise in publicly traded companies rebranding as crypto treasury firms that raise capital to buy and hold digital assets on their balance sheets. Examples cited include Neptune Digital Assets’ February 2025 disclosure of a strategic purchase of 1 million Dogecoin and Bit Origin’s July announcement of financing to build a DOGE treasury.
Dogecoin, created in 2013 and often described as a memecoin, remains less widely adopted than Bitcoin or Ether but has attracted committed backers. Elon Musk’s public comments and business decisions—Tesla has at times disclosed Dogecoin holdings and accepted DOGE for select merchandise—have been influential and sometimes market-moving, drawing both investor interest and regulatory scrutiny.
At present, the proposed Dogecoin treasury company is in the marketing and fundraising phase, with organizers continuing to present the concept to potential investors. No definitive launch date or formal structure has been announced.
