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.
