Imagine this: after years of tweets, jokes, and even lawsuits related to Dogecoin, Elon Musk seems to be moving from words to action, but doing it through others. According to a Fortune report, his personal lawyer Alex Spiro is preparing to lead a new public company. Its goal is nothing less than to raise $200 million and invest it... in $DOGE . Yes, that very meme coin that started as a joke.
Media reports that this will be a kind of "treasury fund" for Dogecoin, allowing investors to access the coin by buying shares in the company rather than directly. In other words, you will be able to own a piece of Dogecoin without bogging your mind down with wallets and blockchain addresses. Well, isn't that convenient?
Why is this happening at all?
It seems that the idea is being promoted by House of Doge — the corporate wing of the Dogecoin Foundation. And they are not alone. Recently, more and more companies, especially in North America, are starting to add Dogecoin to their portfolios.
In February 2025, the company Neptune Digital Assets purchased 1 million DOGE.
In July, Bit Origin, listed on Nasdaq, announced plans to raise up to $500 million to also acquire Dogecoin.
Even Tesla, Musk's company, has long accepted DOGE as payment for some goods. Although no one knows exactly how much they have on their balance.
So if you thought that Dogecoin is just a funny dog on your screen, think again. It seems that the world of finance is starting to take it... almost seriously. Or at least seriously enough to launch a new company for it. And who will lead this circus? Of course, the lawyer of the person who had the biggest hand in its rise and falls. Full circle.
