Dogecoin Foundation invests 10 million DOGE in strategic reserve: A step towards establishing itself as a means of payment despite price decline

Dogecoin Foundation invests 10 million DOGE in strategic reserve: A step towards establishing itself as a means of payment despite price decline

Dogecoin Foundation Strengthens the Future of DOGE with Strategic Reserve

The Dogecoin Foundation, the non-profit organization behind the Dogecoin (DOGE) ecosystem, has ambitious goals to take the popular memecoin to new levels. The foundation has acquired no less than 10 million DOGE through its commercial arm, House of Doge. The primary goal is to build a strategic reserve to 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 actively expanding. The organization has entered into a five-year partnership with the Dogecoin Foundation and takes on the role of official commercial partner. Valued at over $1.8 million, the purchase represents a serious attempt to free Dogecoin from the “memecoin” category and prepare the cryptocurrency for everyday use as a full-fledged means of payment.

According to board member Michael Galloro, building a strategic DOGE reserve is crucial for a stable and reliable payment system. "In doing so, 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," explained Galloro in a press release.

Market development and challenges

The Dogecoin Foundation's purchases come at a conspicuous time, as the DOGE price is currently at a low. In January 2023, the memecoin reached a local high of around $0.43, fueled by expectations surrounding the D.O.G.E. authority, which should help reduce costs. Unfortunately, this now seems to have turned into chaos and reputational damage.

The Dogecoin price is currently around $0.18, which represents a decline of around 58%. This decline suggests that the Musk effect, which has led to huge price increases in the past, now appears to be turning against the memecoin. By promoting stability and reliability in the ecosystem, the Dogecoin Foundation hopes to regain user trust and establish Dogecoin as a viable payment option.

The current developments surrounding the Dogecoin Foundation and its strategies show that the organization is determined to improve the status of the memecoin in the crypto market and make it fit for everyday use.