Investors are receiving pitches for a public Dogecoin treasury company that will invest in the token, with six people reporting outreach and two sources saying the company plans to raise at least $200 million. Details about the structure of the public vehicle and launch timing remain unavailable. House of Doge has signed off as the official Dogecoin vehicle; House of Doge was launched in early 2025 by the Dogecoin Foundation and is headquartered in Miami to develop and promote the memecoin. Alex Spiro, a personal attorney for Elon Musk, is slated to be chairman of the public company. It is unclear what role, if any, Musk would play. Dogecoin is an original memecoin whose value often ties to online popularity and has shown price correlation with Musk's public remarks.
Investors are receiving pitches for a Dogecoin treasury company that will invest in the token, according to six sources, who declined to be named while talking about private business dealings. Three of the sources were pitched directly, and three heard about the deal from parties involved. The company plans to raise at least $200 million, according to two of the sources. Details about the structure of the public vehicle or when it would launch were not immediately available.
House of Doge, the official corporate entity behind the cryptocurrency, is said to have signed off on the treasury play as the "official" Dogecoin vehicle, per three sources-an approach that treasury companies have taken with other cryptocurrencies' foundations to boost the projects' legitimacy. Launched in early 2025 by the Dogecoin Foundation and headquartered in Miami, House of Doge is tasked with developing and promoting the popular memecoin.
And Alex Spiro, a personal attorney for Musk, plans to be chairman of the public company, according to a pitch sent to a potential investor and five sources familiar with the matter. It was not clear what role, if any, Musk would play in the new entity. A spokesperson for X, Musk's social media network, did not respond. A spokesperson for House of Doge declined to comment. Spiro did not immediately respond to a request for comment.
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