Alex Spiro, the longtime lawyer of Elon Musk, is reportedly going to head a Dogecoin treasury company with a backing of $200 million from the House of Doge. The initiative aims to integrate the meme-inspired cryptocurrency into mainstream finance. The plan involves establishing a publicly traded company focused on holding and investing in Dogecoin. This move has been approved by the House of Doge, the official entity overseeing Dogecoin's development. The Miami-based group, initiated by the Dogecoin Foundation in early 2025, seeks to formalize the growth of the popular cryptocurrency. The news comes from a pitch circulating among investors, with six sources confirming the details. The development is seen as a significant step towards legitimizing Dogecoin in the financial sector.