Elon Musk’s attorney, Alex Spiro, is slated to chair a new public entity aiming to raise $200 million for a Dogecoin treasury, according to a report from Fortune. This venture, backed by the House of Doge, is designed to offer investors exposure to Dogecoin via stock market investments without direct ownership of the cryptocurrency. While the initiative is still in the pitching stage, it highlights a trend of publicly traded companies looking to integrate digital assets into their balance sheets. Spiro, a partner at Quinn Emanuel Urquhart & Sullivan renowned for representing high-profile clients, is poised to lead this entity. Dogecoin, which launched in 2013, has seen renewed interest despite its status as a memecoin compared to Bitcoin or Ether. This year has also seen other companies—such as Neptune Digital Assets and Bit Origin—moving to acquire Dogecoin as a primary asset. Musk's relationship with Dogecoin has significantly influenced its market, drawing both investment and regulatory scrutiny. Spiro previously defended Musk in a lawsuit alleging market manipulation related to Dogecoin; that case was dismissed.

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