Elon Musk’s lawyer, Alex Spiro, will chair a new $200 million public company focused on building a Dogecoin treasury, backed by the Dogecoin Foundation’s House of Doge. The venture offers Dogecoin exposure without direct token ownership, joining a trend of firms adding Dogecoin to their balance sheets.

Headquartered in Miami, the House of Doge aims to provide stock-market exposure to Dogecoin without requiring investors to own the token directly. Investor materials name Spiro, known for his representation of Musk in high-profile cases, as the incoming chairman.

Neptune Digital Assets disclosed a 1 million DOGE purchase at an average price of $0.37, while Nasdaq-listed Bit Origin plans to raise $500 million to build a Dogecoin-focused balance sheet. Tesla, chaired by Musk, also holds Dogecoin and accepts the token for merchandise purchases.

Elon Musk’s lawyer defended him in a 2022 lawsuit alleging Dogecoin market manipulation, which was dismissed in 2024. Eliza Labs has filed a lawsuit against X Corp, accusing Musk’s company of abusing its dominant position to suppress competition. Ex Populus has also filed a trademark infringement lawsuit against Musk’s artificial intelligence company, xAI, citing marketplace confusion.

Read more at Yahoo Finance: Elon Musk’s Lawyer to Chair $200M Dogecoin Investment Vehicle