• Dogecoin treasury firm seeks $200M to hold DOGE as a reserve asset with stock exposure.
• Elon Musk’s lawyer Alex Spiro is named chairman of the proposed Dogecoin treasury company.
• House of Doge backs the initiative as firms expand crypto treasury strategies in 2025.

A new Dogecoin treasury company is being pitched to investors with a $200 million fundraising goal. According to six people familiar with the matter, the venture plans to buy and hold Dogecoin as a reserve asset, providing stock market exposure to the token without direct ownership.

Dogecoin国库公司寻求2亿美元将Doge作为储备资产持有股票敞口。 埃隆·马斯克（Elon Musk）的律师亚历克斯·斯皮罗（Alex Spiro）被任命为拟议的狗狗财政部公司的董事长。 Doge House of Backs倡议随着公司在2025年扩大加密货币策略的扩大。一家新的Dogecoin财政公司正在向投资者推销以2亿美元的筹款目标。据六个熟悉此事的人说，该风险投资计划购买和持有Dogecoin作为储备资产，从而在没有直接所有权的情况下向代币提供股票市场。

Dogecoin Treasury Plans and Backing

Fortune reported that three investors confirmed receiving pitch materials, while three others learned of the initiative through parties involved. The Miami-based Dogecoin entity, House of Doge, is backing the plan, according to three sources familiar with the fundraising.

Dogecoin国库计划和支持财富报告说，三名投资者确认收到了音调材料，而另三个投资者通过有关各方了解了这项倡议。熟悉筹款活动的三个消息来源说，总部位于迈阿密的Dogecoin实体Doge House of Doge正在支持该计划。

The project aims to raise $200 million to acquire and hold Dogecoin, offering both institutional and retail investors indirect access to the cryptocurrency. Investor documents indicate the initiative is still in the pitch stage, and details about its structure or timing have not been finalized.

该项目旨在筹集2亿美元以获取和持有Dogecoin，从而为机构和零售投资者间接访问加密货币。投资者文件表明该计划仍处于球场阶段，有关其结构或时机的详细信息尚未完成。

The approach follows strategies used by other firms that accumulate and hold digital assets for long-term value growth. Similar models have been applied by companies investing in Bitcoin and other cryptocurrencies since 2020.

该方法遵循其他公司使用的策略，这些策略积累并持有数字资产以实现长期价值增长。自2020年以来，投资比特币和其他加密货币的公司也采用了类似的模型。

Musk’s Lawyer to Lead the Entity

Investor materials name Alex Spiro, Elon Musk’s personal lawyer, as the planned chairman of the treasury company. Spiro is a partner at Quinn Emanuel and has represented Musk in multiple legal cases, including the 2022 Dogecoin lawsuit dismissed in 2024.

马斯克的律师领导实体投资者材料名称埃隆·马斯克（Elon Musk）的私人律师亚历克斯·斯皮罗（Alex Spiro），是财政部的计划主席。 Spiro是奎因·伊曼纽尔（Quinn Emanuel）的合伙人，曾在多个法律案件中代表马斯克（Musk），其中包括2024年驳回的2022 Dogecoin诉讼。

It remains unclear whether Musk is directly involved in the project. Spiro, Musk, and House of Doge have not yet issued official comments regarding the initiative. Still, Spiro’s inclusion as chairman signals a close association with Musk.

尚不清楚马斯克是否直接参与该项目。 Spiro，Musk和Doge House尚未就该计划发表正式评论。尽管如此，Spiro担任董事长的包容性还是与马斯克密切相关的信号。

The treasury model aligns with a broader corporate trend. Several firms have recently restructured to hold cryptocurrencies as reserve assets. Earlier in 2025, Bit Origin secured $500 million to build a Dogecoin treasury, while Neptune Digital Assets acquired 1 million DOGE through derivatives.

财政模型与更广泛的公司趋势保持一致。几家公司最近进行了重组，以将加密货币作为储备资产持有。 2025年早些时候，BIT Origin获得了5亿美元来建造Dogecoin财政部，而Neptune Digital Assets通过衍生产品获得了100万个门槛。