Dogecoin Foundation stakes 10 million DOGE for strategic reserve: a step towards establishing the memecoin as a serious means of payment

Dogecoin Foundation stakes 10 million DOGE for strategic reserve: a step towards establishing the memecoin as a serious means of payment

Dogecoin Foundation strengthens the Dogecoin ecosystem with strategic reserve

The Dogecoin Foundation, the non-profit organization behind the Dogecoin (DOGE) ecosystem, is taking significant steps to take the popular memecoin to new heights. Through its commercial arm, House of Doge, the foundation recently purchased more than 10 million DOGE. The aim is to build a strategic reserve that will promote the liquidity, stability and reliability of Dogecoin as a means of payment.

The basis for everyday transactions

House of Doge was founded in February 2025 and is already showing great ambition in terms of expansion. The organization immediately entered into a five-year partnership with the Dogecoin Foundation and now acts as an official commercial partner. With a value of over 1.8 million US dollars, the purchase represents a significant attempt to free Dogecoin from the “memecoin” niche and position it as a fully-fledged means of payment for everyday use.

Michael Galloro, a board member, explained that building a strategic DOGE reserve is crucial for a stable and reliable payment system. "In this way, we are creating the basis for an ecosystem that makes Dogecoin usable for everyday transactions. By maintaining a reserve, we can cushion fluctuations and improve usability," said Galloro in a press release.

Controversy and current market developments

The purchases come at a conspicuous time as the DOGE price is currently at a low. In January, the memecoin reached a local high of around $0.43. The optimism was fueled by the hype surrounding the D.O.G.E. authority, which was supposed to help cut costs, but this appears to have resulted in chaos and reputational damage.

The Dogecoin price is currently around $0.18, which corresponds to a decline of around 58%. The so-called Musk effect, which has led to enormous price increases in the past, currently appears to be turning against the memecoin.

Conclusion

The Dogecoin Foundation faces the challenge of regaining trust in Dogecoin as a means of payment while addressing current market conditions. The strategic purchase of DOGE and the creation of a reserve could be crucial steps to free Dogecoin from its previous role as a memecoin and increase its suitability for everyday use.