Elon Musk lawyer to lead $200M Dogecoin fund, Fortune reports

Traders Union
All News
Crypto
Elon musk lawyer

Top Stories

Editors' Picks

Stocks

Crypto

Economics

Currencies

Commodities

Market Voices

Companies

Mikhail Vnuchkov

30.08.2025

Elon Musk lawyer to lead $200M Dogecoin fund, Fortune reports — Public company plans $200M Dogecoin treasury led by Alex Spiro

Elon Musk’s lawyer to lead $200M Dogecoin investment fund. The publicly traded company is positioned as a way to gain indirect exposure to DOGE through its shares.

According to Fortune, citing multiple sources, Musk’s longtime attorney Alex Spiro will head a new publicly listed company seeking to raise $200 million to create a Dogecoin treasury.

As reported by REDWRITER, Fortune confirmed that six investors have been approached about forming a Dogecoin treasury worth up to $200 million. Spiro, a lawyer at Quinn Emanuel Urquhart & Sullivan, is expected to chair the company.

Loading...

The tweet was deleted by the author.

But we saved everything 🙂.

Alex Spiro represented Musk in the 2021 market manipulation lawsuit over his public statements about DOGE. Musk ultimately won the case in 2024.

Public support for DOGE

Musk’s relationship with Dogecoin has been complex. In 2019, he called DOGE his “favorite cryptocurrency,” which helped boost its popularity. Two years later, during a Saturday Night Live appearance, he labeled Dogecoin a “hustle,” triggering a steep price drop after a hype-driven rally.

Tesla has long accepted Dogecoin as a form of payment, providing crucial support for the memecoin. Tesla currently acknowledges holding DOGE but has not disclosed its exact amount.

Another contender for the Dogecoin treasury is Bit Origin, a Nasdaq-listed company that announced plans in July to raise $500 million to build a DOGE-focused balance sheet, becoming the first public firm to do so.

As we wrote, DOGE news: $700M treasury initiatives spark interest but momentum stays weak

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

Did you like the article?

Editor's Picks for You

U.S. Bitcoin reserve: Trump’s unrealized crypto promise

By Anastasiia Chabaniuk
21 hours ago

U.S. Bitcoin reserve: Trump’s unrealized crypto promise

Editors' Picks

Aiming for leadership: Payment giants prepare a new stablecoin

By Mikhail Vnuchkov
Yesterday

Aiming for leadership: Payment giants prepare a new stablecoin

Editors' Picks

Proof of Reserves: the new standard for cryptocurrency exchanges

By Pavlo Kot
04.07.2026

Proof of Reserves: the new standard for cryptocurrency exchanges

Editors' Picks

All Editors' Top Picks

Latest DOGE News

DOGE slips with limited upside while RSI signals exhaustion: weekly report

By Hanna Syniavska
01.07.2026

DOGE slips with limited upside while RSI signals exhaustion: weekly report

Crypto

#Forecast #DOGE

'47 Ronin' director gets 30 months over $11 million Netflix fraud tied to Dogecoin

By Pavlo Kot
30.06.2026

'47 Ronin' director gets 30 months over $11 million Netflix fraud tied to Dogecoin

Crypto

#Crypto #DOGE #Netflix

Dogecoin price prediction: Will $0.07123 support hold as DOGE falls 7.05%?

By Ashutosh Sureka
24.06.2026

Dogecoin price prediction: Will $0.07123 support hold as DOGE falls 7.05%?

Crypto

#Forecast #DOGE

Anastasiia Chabaniuk
21 hours ago

U.S. Bitcoin reserve: Trump’s unrealized crypto promise

Mikhail Vnuchkov
Yesterday

Aiming for leadership: Payment giants prepare a new stablecoin

Pavlo Kot
04.07.2026

Proof of Reserves: the new standard for cryptocurrency exchanges

Eugene Komchuk
03.07.2026

Three trends that could reshape the crypto market over the next decade

Oleg Tkachenko
02.07.2026

Trump financial disclosure: How the president's crypto income became a U.S. ethics issue

Ivan Andriyenko
28 min ago

Michael Pettis: Lower birth rates linked to higher productivity growth

Anastasiia Chabaniuk
43 min ago

John Redwood: HS2 head earns £600,000 salary amid overspending concerns

Eugene Komchuk
53 min ago

China-EU economic ties called fundamentally complementary, Christophe Barraud notes

Yulia Slavina
53 min ago

S&P 500 cycle top update as chips and AI drop, Jason Pizzino assesses

Hanna Syniavska
1 hour ago

Crypto seen as best and worst of times in 2026, Hunter Horsley notes

Weekly Top Bonuses

Capitalcore

up to $2,500
deposit bonus for all clients

Your capital is at risk.

Top News

Ivan Andriyenko
15 hours ago

IEA sees first global gas demand drop since 2022

IEA sees first global gas demand drop since 2022

Parshwa Turakhiya
18 hours ago

Tether brings USDT back to Bitcoin after years away

Tether brings USDT back to Bitcoin after years away

Hanna Syniavska
19 hours ago

Nasdaq futures weaken as tech caution returns

Nasdaq futures weaken as tech caution returns

Ivan Andriyenko
20 hours ago

Oil climbs as Hormuz shipping risks remain in focus

Oil climbs as Hormuz shipping risks remain in focus

Andrey Mastykin
21 hours ago

Google backs European fusion power with Proxima investment

Google backs European fusion power with Proxima investment

Top 5 companies for you

United States

Live News

Anton Kharitonov
Now

Alphabet extends recovery as AI leadership and fusion investment strengthen outlook

Anton Kharitonov
Now

Microsoft extends recovery as AI investments remain in focus

Mykhailo Ihnatenko
Now

Moderna stock price outlook: Is the rally overextended?

Anton Kharitonov
Now

Apple approaches resistance as AI optimism supports recovery

Anton Kharitonov
Now

Bitcoin rebounds as institutional demand shows signs of recovery

© IAFT Ltd., 2010-2026 All rights to the website are owned by IAFT Ltd.,
Registration number - HE 336186

Risk disclosure:

Information on the TradersUnion.com website is for informational purposes only and does not constitute any motive or suggestion to visitors to invest money. Moreover, we hereby warn you that trading on the Forex and CFD markets is always a high risk. According to the statistics, 75-89% of customers lose the funds invested and only 11-25% of traders earn a profit. Trading in futures and options carries substantial risk of loss and is not suitable for every investor.

That is why you should only invest money that you are prepared — or can afford — to lose at such high risks. Tradersunion.com does not provide any financial services, including investment or financial advisory services. Also, the Traders Union is not a broker and does not get money for trading in the Forex or CFD markets. Our website only provides information on brokers and the markets and helps its users to select the best brokerage company based on detailed information and objective analysis of brokers.
Disclaimer:

Traders Union (TradersUnion.com) shall not be liable for the consequences of trading decisions made by the Client and for the possible loss of his capital resulting from the use of this website and information published on it.

Forex market, CFD and cryptocurrency trading involves high risks and is not suitable for everyone. Before investing money, you need to adequately assess the level of your expertise and be aware of the risks, particularly in the context of trading with leverage. The information on this website is not intended for distribution or use by any person in any country or jurisdiction, where such distribution or use would be in violation of the local law or regulation. Any payments by Traders Union (TradersUnion.com) to the users of our website shall be legally interpreted solely as an incentive on our part for the activity on the website in the form of a deduction of a part of the advertising income; they shall not be a subject of any claims of our users or our obligations, a subject of disputes, as well as cannot be considered in relation to the services provided to users by brokers, both in fact and in their completeness and volume. The administration of the website shall not be liable for the content of user comments and reviews about the companies and shall not verify whether the authors of the reviews are indeed real clients of a specific company. All reviews, both negative and positive are published on the website without verification of their reliability; only offensive reviews that call for violence or any kind of discrimination and also reviews published from one group of IP addresses are moderated and removed. The authors of the materials shall be fully liable for the accuracy, completeness and impartiality of any information in the articles and reviews, including in the context of their use or mention of any brand names or trademarks. All mentions of the names of companies and their brands in any materials on the website shall be made in the context of communication of socially important information to the people about their activities by independent journalists, who are the authors. All evaluations and indicators on the website express the subjective opinion of the authors of the reviews (articles) and shall not be viewed as accurate statements and be a subject of disputes and claims against Traders Union.
Disclosure of advertisers and revenues:

All the services on the Tradersunion.com website are free for you to use. Our team spends thousands of hours per annum researching brokers and gathering information about them to help investors all over the world to choose reliable companies and to avoid fraudsters.

Indeed, the curating, sourcing, and organization of this process requires substantial financial investment by Tradersunion.com, which the website earns in the form of advertising payments. There are two types of advertising services on the website — direct advertising or partner (broker) participation programs. However, no services purchased by our partners shall affect the recommendations on our website, or our opinions, or ratings. Our ratings are based on our objective rating criteria and methodology; and the results are always equally and fairly applied to each broker. The work of our content authors and research groups does not involve any interaction with our advertisers and they do not have access to data concerning the amount of advertising purchased. For over 10 years we consider our independence, absolute openness, and objectivity as our main priority. Please follow the links to each of our affiliated broker’s websites. This will help Tradersunion.com to continue to provide our services to you for free.