Overview

• Investor pitches describe a publicly traded company seeking at least $200 million to buy and hold Dogecoin as a treasury asset.
• The materials name Elon Musk’s attorney, Alex Spiro, as planned chairman, while key terms and launch plans remain undecided.
• House of Doge has endorsed the initiative as the official Dogecoin vehicle, according to multiple reports citing pitch documents and sources.
• Market reaction has been mixed, with some outlets noting a roughly 2% rise in DOGE and others reporting a comparable decline.
• The proposal extends a 2025 trend of listed crypto-treasury plays, following Neptune’s 1 million DOGE disclosure and Bit Origin’s $500 million financing, as analysts flag governance, disclosure and regulatory risks.