Catenaa, Wednesday, September 03, 2025- Elon Musk’s personal attorney, Alex Shapiro, is set to chair a Dogecoin digital asset treasury (DAT) targeting $200 million in funding, according to Fortune, citing unnamed sources.
The initiative aims to create a corporate treasury that invests exclusively in Dogecoin, though the official launch date remains unclear.
Investors are reportedly receiving pitches for the new Dogecoin-focused firm, which plans to raise at least $200 million.
Shapiro, who has represented high-profile clients including Jay-Z and Alec Baldwin, brings legal and financial experience to the project. House of Doge, the organization behind Dogecoin, did not immediately comment on the DAT plans.
The rise of DATs has marked a recent trend in the crypto sector, with companies converting Nasdaq-listed entities into token-accumulation platforms. These structures have already emerged around coins such as Solana, SUI, Toncoin, and World Liberty Financial’s WLFI token. Dogecoin, widely regarded as the original memecoin, traded 4% lower at $0.21 on Friday, with a market capitalization of roughly $32 billion.
Bit Origin previously announced it had secured up to $500 million in equity and debt for a corporate Dogecoin treasury.
