Dogecoin Foundation Acquires Over 10 Million Tokens for New Reserve
The Dogecoin Foundation's corporate arm, House of Doge, has purchased over 10 million DOGE for over $1.8 million as part of a DOGE reserve strategy.
- House of Doge aims to establish DOGE as a payment currency, moving beyond its status as a memecoin.
- Plans to announce partnerships with payment processors in the coming months.
- Michael Galloro stated that the strategic reserve will enhance liquidity and usability for everyday transactions.
- DOGE has declined over 30% since January amid broader market sell-offs.