Elon Musk’s Lawyer Launches $175M Dogecoin Treasury

Dogecoin Foundation and Cleancore Unveil $175M DOGE War Chest

Elon Musk’s lawyer Alex Spiro is now the new chairman of a publicly listed cleaning solutions firm based in Omaha, Nebraska, by the name of Cleancore (NYSE: ZONE), that announced a strategic partnership with the Dogecoin Foundation on Tuesday to establish a $175 million dogecoin (DOGE) treasury via a private investment in public equity (PIPE) transaction. The deal is being led by multiple investors, including crypto investment firms Pantera and GSR.

Spiro, a Harvard Law Graduate and former CIA fellow, gained notoriety after representing disgraced football star Aaron Hernandez in 2016. The New England Patriots tight end was serving a life sentence after a murder conviction and was also on trial for a separate double homicide, of which he was acquitted in 2017, thanks to Spiro. But Hernandez would later be found dead in his cell shortly after the acquittal, in what appeared to be a case of suicide.

The New York-born lawyer has also represented other high-profile stars such as Jay-Z, Alec Baldwin, and Mr. Beast. But with Tuesday’s announcement, Spiro will be stepping out of the courtroom and into the world of crypto, as he will now lead the only treasury company endorsed by the Dogecoin Foundation.

“Cleancore has always been about innovation and disruption of the status quo,” said Cleancore CEO Clayton Adams. “By anchoring our treasury with dogecoin, in partnership with the Dogecoin Foundation and House of Doge, we’re not only adopting a forward-looking reserve strategy but also proving how public companies can innovate and disrupt.”