Dogecoin Foundation Acquires 10 Million DOGE To Establish New Reserve

In February, the Dogecoin Foundation entered into a five-year agreement with House of Doge, naming it as its official commercialization partner.

Key Points:

• House of Doge, the corporate arm of the Dogecoin Foundation, has acquired over 10 million DOGE (worth $1.8 million) to support a reserve strategy.

• Established in February, House of Doge aims to transition DOGE from a meme token to a viable payment currency, with plans to collaborate with payment processors soon.

• Despite strong gains leading up to President Trump's election, DOGE has experienced a decline of over 30% since January.

House of Doge, the corporate arm of the Dogecoin Foundation, has acquired more than 10 million DOGE, valued at over $1.8 million, as part of a wider reserve strategy.

House of Doge serves as the corporate and commercialization unit of the Dogecoin Foundation, established in February through a five-year agreement. Its goal is to transition DOGE from a meme token to a functional payment currency, demonstrating its ability to facilitate everyday transactions with minimal fees.

The organization also announced plans to collaborate with multiple payment processors in the near future.

“A strategic reserve allows House of Doge to build a payments ecosystem that ensures liquidity, stability, and reliability,” said Michael Galloro, a Member of the Board-Elect. “By maintaining this reserve, we can close the gap between transaction processing times and real-world usability, making Dogecoin highly practical for daily purchases.”

DOGE experienced significant gains ahead of President Donald Trump’s election, partly due to speculation that its abbreviation could align with a potential “Department of Government Efficiency” (D.O.G.E.) in the administration.

However, it has since faced profit-taking and a market-wide sell-off, with prices dropping over 30% since January.