 
 
Elon Musk’s long-time personal lawyer, Alex Shapiro, is listed as chairman of a new public company that aims to raise $200 million to invest in Dogecoin (DOGE), the world’s leading canine-themed meme coin.
Alex Shapiro’s Meme Coin Treasury Effort
Fortune reported Friday, citing anonymous sources familiar with the matter, that the endeavor is being pitched to investors as a DOGE treasury vehicle with the endorsement of House of Doge, the corporate entity launched in early 2025 by the Dogecoin Foundation and based in Miami.
What makes this initiative stand out is the fact that Alex Spiro, a Quinn Emanuel Urquhart and Sullivan partner who has represented high-profile celebrity clients including Elon Musk, Jay-Z, and Alec Baldwin, has been named in investor materials and conversations as the planned chairman of the entity.
The company plans to raise “at least” $200 million as a public vehicle to hold Dogecoin on its balance sheet, giving investors stock-market exposure to the ninth-largest cryptocurrency without having to buy or store DOGE themselves.
The plan is still at the pitch stage, with details on when the Dogecoin digital asset treasury would launch still unknown, the report noted.
 
What A Treasury Vehicle Means For Dogecoin
Digital asset treasuries have become one of crypto’s biggest stories in recent months. Inspired by Strategy’s Bitcoin accumulation playbook, publicly traded firms are raising huge sums of capital to accumulate tokens like Dogecoin, Solana, Toncoin, and World Liberty Financial’s WLFI governance token.
In July, the Nasdaq-listed China-based pork processing company and Bitcoin miner Bit Origin announced it had secured up to $500 million in debt and equity financing to build its groundbreaking DOGE treasury, making it the first US-traded company to openly plan for the OG meme coin to be its core balance sheet asset.
If the Dogecoin DAT does launch and successfully raises the $200 million target, it could create massive demand for DOGE, similar to how Michael Saylor’s Strategy fueled Bitcoin’s upsurge. Combined with Bit Origin’s $500 million commitment, we are looking at a potential $700 million liquidity injection into Dogecoin’s ecosystem. For a $32 billion market cap token, this would have a notable impact.
Musk’s EV maker, Tesla, has also disclosed Dogecoin holdings, though it has never specified its position size. The company started accepting DOGE for select merch purchases in January 2022.
DOGE was trading at $0.2169 at press time, up 1.09% over the last 24 hours.
Source: https://zycrypto.com/elon-musks-personal-lawyer-to-chair-200-million-dogecoin-treasury-push-sources-say/