House of Doge, the official corporate entity of Dogecoin, would have supported the plan. The initiative follows the current trend of companies that incorporate cryptocurrencies in their treasury. Recent reports indicate that a new company is destined to invest significantly in Dogecoin (Doge), with Alex Spiro, personal lawyer of Elon Musk, as president of the proposed public company. It is a project that, according to sources close to the negotiations reported by Fortune, Plan to invest in the memecoin at least 200 million dollars (USD). So far no details have been revealed about their structure or their release date. According to the informants, the initiative has the approval of House of Doge, the corporate entity established by the Dogecoin Foundation and in charge of developing, promoting and supervising the memecoin. Although, for the moment, neither the organization nor Spiro made public comments confirming the project. The initiative would be added to the trend of investors and companies to integrate digital assets into their balance sheetsa strategy that strengthens the legitimacy of cryptocurrencies and encourages its adoption. The main example is Strategy: the public contribution company with more Bitcoin (BTC). According to Bitcoin Treasuries data, Strategy has 632,457 BTC, followed by other companies quoted in the stock market that accumulate Bitcoin, mostly Americans. Similarly, the Japanese company Metaplenet has drawn attention for its aggressive Bitcoin acquisition strategy, becoming the only Asian firm among the ten companies with the greatest exposure to the asset created by Satoshi Nakamoto. Meanwhile, the purchase of Ethher (ETH), the ethhereum cryptocurrency, for corporate treasury is winning traction, reflecting that Interest is expanding from Bitcoin to other cryptoactivesas cryptonotic reports. It has not yet been confirmed if Elon Musk would have a role in the new company that would invest in Dogecoin. The public support of the billionaire businessman on the cryptocurrency has been so marked that even in the last crypto, some investors sued him for alleged market manipulation.
Spiro, as Musk’s lawyer, achieved the dismissal of that cause last yeardescribing the moment as «a very good day for Dogecoin.»
