Musk’s lawyer to launch public company with $200M Dogecoin treasury

Elon Musk’s personal lawyer, Alex Spiro, is set to head a new public company that will establish a Dogecoin treasury worth at least $200 million, Fortune reported citing six sources familiar with the project.

House of Doge, a corporate entity founded by the Dogecoin Foundation in Miami in early 2025, has approved the creation of the treasury and recognized it as the “official vehicle” for the memecoin’s development.

Spiro, who represented Musk in multiple court cases, including the Dogecoin market manipulation lawsuit, will serve as chairman of the board. Musk’s role in the new structure has not yet been defined.

Dogecoin, launched in 2013 as a joke based on a Shiba Inu meme, remains the most popular memecoin, with its price historically tied to Musk’s public statements.

The Dogecoin treasury initiative fits into a broader trend of companies using public structures to accumulate crypto reserves. Strategy pioneered this approach in 2020 by aggressively buying bitcoin for its corporate treasury.