In creating a new reserve, the Dogecoin Foundation purchased 10 million Dogecoin tokens.​

Dogecoin Foundation’s House of Doge Acquires 10M DOGE to Strengthen Payment Ecosystem

The Dogecoin Foundation’s corporate branch, House of Doge, has secured over 10 million DOGE, worth roughly $1.8 million, as part of its broader strategy to establish a reserve for the cryptocurrency.

House of Doge, launched in February under a five-year partnership with the Foundation, is focused on commercializing DOGE by positioning it as a viable payment currency rather than just a memecoin. The initiative aims to showcase Dogecoin’s ability to facilitate everyday transactions with minimal fees.

The organization has hinted at upcoming partnerships with payment processors to further DOGE’s integration into mainstream financial systems.

“In building this reserve, the House of Doge is ensuring liquidity and stability for the DOGE payment ecosystem,” said Michael Galloro, a Member of the Board-Elect at House of Doge. “By maintaining a strategic fund, we can enhance transaction efficiency and drive real-world adoption.”

DOGE saw a surge in value leading up to President Donald Trump’s election amid speculation that his administration might introduce a “Department of Government Efficiency” (D.O.G.E). However, profit-taking and market corrections have since pushed the token’s price down by more than 30% since January, according to CoinDesk data.