Sources: Musk's lawyer will serve as chairman of a $200 million Dogecoin financial company

By: PANews

2025/08/30 08:06

ALEX$0.00431+0.23%

MEMECOIN$0.003435+24.63%

ELON$0.0000001024+3.22%

TOKEN$0.01293+2.45%

DOGE$0.21627+0.59%

PANews reported on August 30th that Elon Musk's personal attorney, Alex Shapiro, has been listed as chairman of the Dogecoin Digital Asset Pool (DAT), citing anonymous sources. The source stated that investors are receiving pitches from a company called Dogecoin Pool (DAT) that will invest in the token. The company plans to raise at least $200 million. Details regarding the structure and launch timing of the public investment vehicle have not yet been released.

Sources revealed that House of Doge, Dogecoin's official corporate entity, has approved the fund, becoming the "official" investment vehicle for Dogecoin—a practice the fund has also employed with other cryptocurrency foundations to enhance their projects' legitimacy. Launched by the Dogecoin Foundation in early 2025, the Miami-based House of Doge is responsible for developing and promoting the popular memecoin.

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