- Elon Musk’s attorney Alex Spiro is set to chair a $200M Dogecoin investment fund, signaling institutional interest.
- Miami-based House of Doge endorsed the fund as the “official” treasury vehicle, modeled after MicroStrategy’s Bitcoin play.
- The move could legitimize Dogecoin within corporate finance, boosting adoption and potentially its long-term price outlook.
The buzz around Musk and Dogecoin is heating up again, this time with a new treasury initiative that feels a little different from the usual meme coin hype. Reports suggest that Alex Spiro, Elon Musk’s longtime attorney, is stepping in to chair a $200 million Dogecoin investment fund. The move hints at institutional money starting to circle back toward Dogecoin, sparking optimism that the token’s price could be headed for another breakout.
House of Doge and the $200M Play
The Miami-based House of Doge has apparently signed off on the idea, calling it the “official” Dogecoin treasury vehicle. Behind the scenes, the fund is actively trying to raise $200 million from investors to buy and hold Dogecoin as a reserve asset. If this structure works as planned, it mirrors the kind of treasury playbook we saw back in 2020 with MicroStrategy and Bitcoin, but now applied to DOGE. For investors, that means exposure to Dogecoin without the usual headaches of wallets, exchanges, or technical barriers.
Alex Spiro’s Role and Musk’s Shadow
Alex Spiro isn’t just any lawyer. He’s defended Elon Musk in court (including the famous Dogecoin manipulation lawsuit, which was thrown out in 2024) and has also represented Jay-Z and Alec Baldwin. His role as chairman of the Dogecoin fund adds an undeniable link to Musk’s inner circle. Even though Musk himself has been quieter on Dogecoin lately, Tesla still accepts DOGE for merchandise—another subtle nod that the billionaire hasn’t abandoned the coin. If anything, Spiro’s leadership shows that Musk’s network is still deeply invested in pushing Dogecoin into mainstream finance.
What This Means for Dogecoin’s Future
The Musk DOGE treasury setup could be a game-changer. It signals that meme coins might finally be moving into the same category of institutional adoption as Bitcoin and Ethereum. If big players start using funds like this one to stack DOGE, demand could rise fast, which naturally feeds into bullish price forecasts. Still, volatility and regulatory uncertainty remain big risks. But one thing is clear: if this fund gains traction, Dogecoin could go from being seen as a joke token to a legitimate part of the corporate crypto landscape.
