Elon Musk’s former lawyer, Alex Spiro, presents a new company that quotes on the stock market that aims to raise $ 200 million to build a Dogecoin treasure, according to a fortune report that quotes multiple sources familiar with the matter.
Key control:
- Elon Musk’s lawyer, Alex Spiro, will preside over a new public company of $ 200 million aimed at building a Dogecoin treasure.
- The company, backed by Doge’s house of the Dogecoin Foundation, offers Doge exhibition without direct tokens property.
- It joins a growing list of companies that add Dogecoin to corporate balances in the midst of a growing institutional interest.
The company is being launched to investors as a vehicle dedicated to Dogecoin that supports the support of Dux houseThe corporate entity created by the Dogecoin Foundation in early 2025.
Based in Miami, House of Dege has become the central force to institutionalize the memecoin.
New public vehicle to offer exposure to Dogecoin without direct property
The Company plans to offer exposure to the shares to Dogecoin without requiring the direct property of investors.
While it is still in the launch phase, the investor materials name Spiro, a member of Quinn Emanuel Urquhart and Sullivan and the legal representative of Musk in multiple cases of high profile, as incoming president.
This development occurs in the middle of a wave of companies that change their name as cryptographic treasury companies, collecting capital to acquire digital assets.
Dogecoin, originally launched in 2013 as a joke, has gradually found a support point between a small but growing group of corporate sponsors.
In February, Neptune Digital Assets, based in Vancouver, revealed a purchase of 1 million duxt at an average price of $ 0.37.
The firm also has Bitcoin and has expanded its treasure through derivatives. Meanwhile, the origin of Bits that is quoted at Nasdaq revealed plans in July to raise $ 500 million in financing to build its general balance centered in Doge, becoming the first company that lies in the United States to do so.
Tesla, the Electric Vehicle Company chaired by Musk, has also recognized Dogecoin Holdings and accepts the token for select purchasing of goods.
Although Tesla has not revealed the size of its Dux reserves, its public support has long been considered a key catalyst for the popularity of Token.
Musk’s relationship with Dogecoin has been promotional and controversial. A 2019 Tweet that calls Dogecoin his “favorite cryptocurrency” helped boost the currency of conventional visibility.
In 2021, his appearance in Live Saturday Night Live, where he called Dogecoin as a “hustle and bustle, caused a sharp price drop after a manifestation of exaggerated bombs.
Spiro defended Musk in a 2022 demand alleging the manipulation of the Dogecoin market. That demand was dismissed in 2024.
Eliza Labs demands x corp of Elon Musk, claiming monopoly abuse
As reported, Eliza Labs has filed a lawsuit against X Corp, accusing the company owned by Elon Musk to abuse its dominant position to suppress competition and replicate its technology.
The complaint states that X used its platform power to extract confidential technical data from Eliza Labs before suspending the company’s account without prior notice.
Last week, former Populus, the company behind the Ethereum XAI Game Platform, also filed a registered brand violation demand against the artificial intelligence company of Elon Musk, XAI.
The legal dispute focuses on the alleged confusion of the market between the registered trademark “XAI” registered by the Federal Foundation and the equally appointed Venture of Musk, launched shortly after.
Former Populus states that Xai de Musk crossed his territory when he announced plans to launch an AI game study at the end of 2024, amplifying confusion among consumers.
Post Elon Musk’s lawyer to preside over $ 200 million in the Dogecoin investment vehicle first appeared in Cryptonews.
