Dogecoin Foundation Acquires 10 Million Tokens for New Reserve Strategy
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Dogecoin Foundation Acquires 10 Million Tokens for New Reserve Strategy

As part of a new reserve initiative, the Dogecoin Foundation has secured over 10 million dogecoin worth approximately $1.8 million.

Overview

The Dogecoin Foundation’s commercial branch, House of Doge, has acquired over 10 million DOGE, valued at more than $1.8 million, as part of a new reserve policy.

Key Highlights

  • House of Doge was established in February and seeks to elevate DOGE as a legitimate payment method, moving beyond its origins as a meme currency.
  • Upcoming announcements about partnerships with various payment processors are expected.
  • After significant price increases linked to former President Trump’s election, DOGE has faced a decline of more than 30% since January.

Future Plans

House of Doge aims to bridge the gap between cryptocurrency and real-world usability, ensuring the practicality of Dogecoin for everyday transactions. Michael Galloro remarks,

“With a strategic reserve, the House of Doge is laying the foundation for a payments ecosystem that ensures liquidity, stability, and reliability.”

Market Trends

DOGE experienced notable profits during the lead-up to Donald Trump’s election due to its potential association with a government department. Following this period, the market has seen fluctuations, prompting sell-offs.

For further reading, you can check the official announcement here.

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