Dogecoin’s journey from internet meme to serious financial player is taking shape, with its connection to Elon Musk playing a significant role. Alex Spiro, the lawyer who has long been tied to Musk, has taken center stage as chairman of a new venture aimed at giving stock-market investors direct exposure to DOGE without requiring ownership. This move signals a turning point for Dogecoin, which is now following in the footsteps of Bitcoin and Ethereum by positioning itself within institutional treasuries. The $200 million raise announced this week has garnered attention from industry players, and the success of the venture could mirror MicroStrategy’s Bitcoin playbook with a meme coin twist.