Dogecoin Foundation launches $1 billion DOGE reserve

Odaily News The Dogecoin Foundation has established the "Official Dogecoin Reserve" through a new subsidiary, initially purchasing 10 million DOGE, worth about $1.8 million. The move is part of the foundation's collaboration with House of Doge, which has become its commercialization partner. House of Doge said the reserve demonstrates the potential of Dogecoin for efficient transactions.
House of Doge plans to announce partners in the coming months to demonstrate the practical application of Doge as a global payment method. Although the enthusiasm for Dogecoin has waned, DOGE prices have risen by about 10% and the market value is still in the top ten. (The Block)