Key Takeaways:
- House of Doge acquired 10M DOGE ($1.8M+) to create a strategic reserve supporting real-world payment use.
- The initiative aims to stabilize DOGE liquidity and reliability in everyday transactions.
- Upcoming partnerships with payment processors will drive Dogecoin’s shift from meme coin to payment currency.
The Dogecoin Foundation’s commercial arm, House of Doge, has acquired over 10 million DOGE (worth more than $1.8 million) to launch a strategic reserve aimed at enhancing Dogecoin’s real-world payment utility.
Established in February under a five-year partnership, House of Doge is tasked with transforming Dogecoin from a meme coin into a functional payment currency.
The Official @dogecoin Reserve is now live and operational
— House of Doge (@houseofdoge) March 24, 2025
Over 10,000,000 INITIAL Dogecoin purchased!
Thank You @DogecoinFdn, HoDo Team and all the amazing people in the Dogecoin Community! 👊🏽
Dogecoin is Money
Dogecoin is the People’s Coinhttps://t.co/aZSmRCFu0j
The organization plans to announce partnerships with several payment processors soon to support this goal.
Board-Elect Member Michael Galloro emphasized that the reserve will provide liquidity, stability, and usability, helping to make DOGE practical for everyday transactions by addressing transaction delays.
This initiative follows a recent price surge in DOGE, partly driven by speculation connecting its abbreviation (D.O.G.E.) to a fictional government agency called the “Department of Government Efficiency”, amid former President Donald Trump’s re-election buzz.
However, DOGE has since dropped over 30% since January, reflecting broader market sell-offs.
Despite the decline, House of Doge remains focused on building a reliable payments ecosystem centered around Dogecoin.
About The Author
Efe Bravo, a seasoned journalist, delivers compelling insights into the cryptocurrency and blockchain industry.
His articles offer a deep dive into the latest trends, projects, and technological advancements shaping the future of digital finance.
Check Efe out on:
