Another cryptocurrency play is set to enter the public markets—with the help of Elon Musk’s personal lawyer. Investors are receiving pitches for a Dogecoin treasury company that will invest in the token, according to six sources, who declined to be named while talking about private business dealings. Three of the sources were pitched directly, and three heard about the deal from parties involved.
The company plans to raise at least $200 million, according to two of the sources. Details about the structure of the public vehicle or when it would launch were not immediately available.
House of Doge, the official corporate entity behind the cryptocurrency, is said to have signed off on the treasury play as the “official” Dogecoin vehicle, per three sources—an approach that treasury compani