Elon Musk Lawyer Launches $200M Dogecoin Treasury

Alex Shapiro, the lawyer representing Elon Musk, has taken on a new role. He’s been listed as head of a Dogecoin digital asset treasury (DVH), with plans to raise $200 million. The company aims to invest in Dogecoin and is seeking investors according to sources who spoke anonymously to Fortune Magazine. While the exact launch date remains unclear, this move comes as DVHs become increasingly popular in the crypto world, with some communities converting Nasdaq-listed companies into asset management firms focused on altcoins like Solana, SUI, Toncoin, and World Liberty Financial’s WLFI token. Michael Saylor’s company, Strategy, currently holds the top position with a staggering $70 billion in Bitcoin as a DVH. 💰 This information does not constitute financial advice. Please consult with your advisor for individual investment decisions.