Elon Musk’s Lawyer Leads the Formation of DOGE Official Treasury: What’s the Impact?

Jakarta, Pintu News – In a major move involving Elon Musk, the billionaire’s personal lawyer, Alex Spiro, is now leading the formation of a new official Dogecoin treasury.

This Treasury will not only hold DOGE, but is also designed to build more trust from investors, DOGE holders, and various parties that may integrate Dogecoin as a means of payment or tokenization. What does this mean for Dogecoin and the cryptocurrency market as a whole? Let’s take a deeper dive.

1. Dogecoin Now Has an Official Treasury Backed by the Dogecoin Foundation

Dogecoin (DOGE) has become one of the most well-known cryptocurrencies, mainly thanks to the influence of Elon Musk. However, despite its growing popularity, DOGE has yet to have a clear and officially organized structure to support wider adoption. Now, with the creation of a new treasury called the “House of Doge,” Dogecoin is starting to take bigger steps towards establishing itself as a more credible and institutionalized cryptocurrency.

The partnership between the House of Doge and exchange-listed cleaning company CleanCore Solutions is a milestone. This Treasury will be the first to be officially backed by the Dogecoin Foundation, which promises more stability and structure for DOGE.

Alex Spiro, Musk’s personal lawyer, is now the chairman of the treasury’s board of directors. With a strong legal background, Spiro is trusted to lead this project which is expected to increase investor confidence in Dogecoin.

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2. Objectives and Benefits of Treasury DOGE: More than Just Asset Storage

In his interview, Marco Margiotta, CEO of House of Doge, explained that this treasury is not just for storing Dogecoin. One of its main objectives is to enable more transparent governance and more structured reporting in line with institutional standards. With this governance system in place, the treasury will be more accessible to parties interested in integrating Dogecoin into their business.

Furthermore, the treasury will also explore yield opportunities similar to staking, which could provide passive income potential for DOGE holders. This opens the door for wider adoption from both individuals and institutions interested in utilizing Dogecoin as a means of payment and investment.

3. CleanCore: The Company Leading the Establishment of the DOGE Treasury

One of the reasons CleanCore Solutions was chosen to work with on this project is because of their ethos that focuses on innovation and disruption. CleanCore is known for its innovative approach to the cleaning industry and now they’re bringing the same philosophy to building Dogecoin’s treasury. This collaboration aims to utilize public companies as a more credible platform for DOGE to thrive.

With an investment of $175 million through Private Investment in Public Equity (PIPE), involving major companies such as Pantera, GSR, and FalconX, Dogecoin could potentially gain more legitimacy and institutional support. This is a big step in bringing Dogecoin closer to the mainstream, beyond just being a meme coin.

4. Impact on Dogecoin Price and its Future

Although the Dogecoin price is currently experiencing a slight decline of 0.1% in the past 24 hours, its long-term performance shows that DOGE has increased by about 117% in the past year. This shows that despite the crypto market correction, Dogecoin still shows great appeal to many investors.

However, even though the DOGE price is now 71% lower than its all-time high in 2021 ($0.73 or about Rp12,000), the creation of this treasury could provide an important boost to the DOGE price in the future. With more structure and support from official institutions, DOGE has the potential to be more accepted in the global market.

Conclusion

The creation of an official Dogecoin treasury opens a new chapter for the future of Dogecoin (DOGE). With the support of the Dogecoin Foundation, CleanCore Solutions, and the leadership of Alex Spiro, DOGE can grow further, gain more legitimacy, and become more than just a meme coin. This could take DOGE in a more stable and trustworthy direction as a widely-used digital currency.

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This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Logan Hitchcock/Yahoo Finance. Elon Musk’s Lawyer to Lead ‘Official’ Dogecoin Treasury. Accessed September 3, 2025