Elon Musk’s lawyer to chair $200M Dogecoin treasury company
Elon Musk’s attorney, Alex Spiro, is set to lead a new $200 million Dogecoin treasury company backed by House of Doge, according to multiple sources familiar with the matter.
Alex Spiro, a high-profile lawyer who has represented Musk, Jay-Z, and Alec Baldwin, will chair a planned Dogecoin treasury company aiming to raise at least $200 million. According to six sources, the entity has begun pitching investors, though details about its public launch remain limited.
The project is backed by House of Doge, the official Dogecoin corporate entity established in Miami in early 2025. Modeled on other cryptocurrency foundations, the move is designed to legitimize Dogecoin as more than just a memecoin by establishing a corporate treasury structure.
While Elon Musk is not officially tied to the new company, his presence looms large over the memecoin. Since Dogecoin’s creation in 2013, its price has often spiked following Musk’s public endorsements, including tweets and a 2021 Saturday Night Live appearance. Musk’s frequent Doge references have been so influential that he named a government initiative - Department of Government Efficiency, or DOGE - after the token.
Musk has also faced scrutiny for his influence. A 2022 lawsuit alleged that he manipulated Dogecoin’s price for personal gain, though Spiro successfully defended him, securing dismissal in 2024.
The project is backed by House of Doge, the official Dogecoin corporate entity established in Miami in early 2025. Modeled on other cryptocurrency foundations, the move is designed to legitimize Dogecoin as more than just a memecoin by establishing a corporate treasury structure.
While Elon Musk is not officially tied to the new company, his presence looms large over the memecoin. Since Dogecoin’s creation in 2013, its price has often spiked following Musk’s public endorsements, including tweets and a 2021 Saturday Night Live appearance. Musk’s frequent Doge references have been so influential that he named a government initiative - Department of Government Efficiency, or DOGE - after the token.
Musk has also faced scrutiny for his influence. A 2022 lawsuit alleged that he manipulated Dogecoin’s price for personal gain, though Spiro successfully defended him, securing dismissal in 2024.
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