Dogecoin is again in the spotlight as Elon Musk’s lawyer, Alex Spiro, takes charge of a new $200 million treasury plan. The move aims to give Dogecoin, often called DOGE, more acceptance among large investors and public companies.
The project is backed by House of Doge, a corporate group launched by the Dogecoin Foundation earlier this year in Miami. It has approved this fund as the “official” treasury for DOGE. The goal is simple: hold Dogecoin on the company’s balance sheet and let investors gain exposure to the token through stock instead of buying it directly.
Alex’s plan mirrors what other companies in the crypto space are doing. In July 2025, NASDAQ-listed Bit Origin raised nearly $500 million to build a Dogecoin treasury, making it the first US public company to treat DOGE as a main asset.
In February 2025, Canada’s Neptune Digital Assets also revealed it had bought one million DOGE at an average price of $0.37. These moves show that institutional interest in Dogecoin is growing fast.
Alex Spiro brings strong legal weight to this project. He defended Musk in 2022 when investors accused him of manipulating DOGE’s price. That lawsuit ended in 2024, with Spiro leading the successful defense. Now, as chair of the proposed treasury, his presence could bring more trust and structure to the initiative.
The treasury plan is still at the pitch stage. Details such as its launch date, governance, and regulatory process are not yet shared. Still, with a high-profile lawyer at the top and official support from the House of Doge, the fund is being seen as an important step toward transparency and legitimacy.
Elon Musk’s influence on Dogecoin is already well known. His tweets and public statements have pushed DOGE prices up or down many times. From calling it his “favorite cryptocurrency” in 2019 to joking about it on Saturday Night Live in 2021, Musk has been at the center of the coin’s story. This new treasury plan could mark a shift from online hype to a more formal path for DOGE.
If the fundraising succeeds, Dogecoin could become a more common asset for traditional investors. By giving stock market access to DOGE, the treasury may turn the meme coin into something much bigger. Success will depend on investor interest, market conditions, and regulatory support.
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