{"id":49519,"date":"2025-08-30T11:30:06","date_gmt":"2025-08-30T08:30:06","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=49519"},"modified":"2025-08-30T11:12:01","modified_gmt":"2025-08-30T08:12:01","slug":"elon-musks-trusted-associate-to-manage-the-dogecoin-treasury","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/elon-musks-trusted-associate-to-manage-the-dogecoin-treasury\/","title":{"rendered":"Elon Musk\u2019s Trusted Associate to Manage the Dogecoin Treasury"},"content":{"rendered":"<p><strong>Elon Musk<\/strong>\u2019s personal attorney, <strong>Alex Shapiro<\/strong>, has been listed as the head of a $200 million <strong>Dogecoin<\/strong> Digital Asset Treasury (DAT). According to a report by <em data-start=\"163\" data-end=\"172\">Fortune<\/em> citing anonymous sources, investors have already begun receiving pitches for this new treasury company, which will invest in Dogecoin. The company aims to raise at least $200 million, though its launch date has not yet been announced.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/elon-musks-trusted-associate-to-manage-the-dogecoin-treasury\/#House_of_Doge_and_the_DAT_Wave_in_the_Industry\" title=\"House of Doge and the DAT Wave in the Industry\">House of Doge and the DAT Wave in the Industry<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/elon-musks-trusted-associate-to-manage-the-dogecoin-treasury\/#Importance_of_DATs_and_Dogecoins_Position\" title=\"Importance of DATs and Dogecoin\u2019s Position\">Importance of DATs and Dogecoin\u2019s Position<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/elon-musks-trusted-associate-to-manage-the-dogecoin-treasury\/#Price_and_Recent_Developments\" title=\"Price and Recent Developments\">Price and Recent Developments<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/coinengineer.net\/blog\/elon-musks-trusted-associate-to-manage-the-dogecoin-treasury\/#Musks_Approach\" title=\"Musk\u2019s Approach\">Musk\u2019s Approach<\/a><\/li><\/ul><\/nav><\/div>\n<h2 data-start=\"415\" data-end=\"471\"><span class=\"ez-toc-section\" id=\"House_of_Doge_and_the_DAT_Wave_in_the_Industry\"><\/span>House of Doge and the DAT Wave in the Industry<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"472\" data-end=\"676\">The organization behind Dogecoin, House of Doge, did not respond to <em data-start=\"544\" data-end=\"553\">Fortune<\/em>\u2019s requests for comment. However, the DAT model has become one of the biggest topics in the crypto space in recent weeks.<\/p>\n<p data-start=\"678\" data-end=\"845\">Listed companies on Nasdaq have started accumulating crypto assets such as Solana, SUI, Toncoin, and WLFI (World Liberty Financial), accelerating this trend.<\/p>\n<h2 data-start=\"847\" data-end=\"899\"><span class=\"ez-toc-section\" id=\"Importance_of_DATs_and_Dogecoins_Position\"><\/span>Importance of DATs and Dogecoin\u2019s Position<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"900\" data-end=\"1245\">DATs are emerging as a new investment structure that allows corporate firms to accumulate tokens directly. Michael Saylor\u2019s MicroStrategy, with nearly $70 billion in Bitcoin holdings, is currently the world\u2019s largest DAT. Following its success, many companies are now establishing their own digital treasuries using similar strategies.<\/p>\n<h2 data-start=\"1247\" data-end=\"1286\"><span class=\"ez-toc-section\" id=\"Price_and_Recent_Developments\"><\/span>Price and Recent Developments<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"1287\" data-end=\"1470\" data-is-last-node=\"\" data-is-only-node=\"\">DOGE traded at around $0.21, down 4% at the time the news broke. With a market cap of $32 billion, Dogecoin is recognized in the crypto world as the original memecoin.<\/p>\n<p data-start=\"1287\" data-end=\"1470\" data-is-last-node=\"\" data-is-only-node=\"\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-49520 aligncenter\" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/08\/photo_2025-08-30_12-01-42-300x171.jpg\" alt=\"\" width=\"719\" height=\"410\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/08\/photo_2025-08-30_12-01-42-300x171.jpg 300w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/08\/photo_2025-08-30_12-01-42.jpg 685w\" sizes=\"auto, (max-width: 719px) 100vw, 719px\" \/><\/p>\n<p>In July, Bit Origin (BTOG) announced it would provide up to $500 million to launch a corporate Dogecoin treasury.<\/p>\n<p data-start=\"125\" data-end=\"222\">Meanwhile, Grayscale is attempting to list an exchange-traded fund (ETF) tracking Dogecoin.<\/p>\n<h2 data-start=\"224\" data-end=\"249\"><span class=\"ez-toc-section\" id=\"Musks_Approach\"><\/span>Musk\u2019s Approach<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"250\" data-end=\"409\">When asked whether the political party he plans to establish would adopt Bitcoin, one of Dogecoin\u2019s biggest supporters, Elon Musk, gave a striking reply:<\/p>\n<blockquote>\n<p data-start=\"411\" data-end=\"432\" data-is-last-node=\"\" data-is-only-node=\"\"><em data-start=\"411\" data-end=\"432\" data-is-last-node=\"\">&#8220;Fiat is hopeless.&#8221;<\/em><\/p>\n<\/blockquote>\n<p>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Telegram,\u00a0<\/strong><\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>YouTube<\/strong><\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\"><strong>Twitter<\/strong><\/a>\u00a0channels for the latest news and updates.<\/p>\n<div class=\"blog-share text-center\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Elon Musk\u2019s personal attorney, Alex Shapiro, has been listed as the head of a $200 million Dogecoin Digital Asset Treasury (DAT). According to a report by Fortune citing anonymous sources, investors have already begun receiving pitches for this new treasury company, which will invest in Dogecoin. The company aims to raise at least $200 million,<\/p>\n","protected":false},"author":37,"featured_media":35864,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,657,2],"tags":[236,563,393,847,336,58,5760,68],"class_list":["post-49519","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-en","category-news","tag-altcoin","tag-altcoins","tag-crypto","tag-crypto-news","tag-cryptocurrencies","tag-cryptocurrency","tag-digital-assets","tag-dogecoin"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Elon Musk\u2019s Trusted Associate to Manage the Dogecoin Treasury<\/title>\n<meta name=\"description\" content=\"Elon Musk\u2019s personal attorney, Alex Shapiro, has been listed as the head of a $200 million Dogecoin Digital Asset Treasury (DAT). 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