10 Million DOGE Purchased As Dogecoin Unveils New Official Reserve Fund

Dogecoin (DOGE) is making significant strides in expanding its ecosystem and increasing real-world applications. According to the latest sources, the Dogecoin Foundation and its strategic partners are rolling out several key initiatives, from collaborating with payment platforms and e-commerce to developing layer 2 solutions aimed at optimizing transaction speed and reducing costs. These moves not only strengthen DOGE’s position in the cryptocurrency market but also open up many real-world application opportunities, making the coin increasingly popular in everyday life.

House of Doge introduces the official Dogecoin reserve fund

10 Million DOGE Purchased As Dogecoin Unveils New Official Reserve Fund

House of Doge, a new division of the Dogecoin Foundation, has officially launched the Dogecoin Reserve (Official Dogecoin Reserve). Announced in February 2025, this event marks an important step in the strategy to expand Dogecoin’s global application. Notably, the Dogecoin Foundation has signed an exclusive five-year partnership with House of Doge, making the organization its official commercial partner.

With the establishment of the Dogecoin Reserve, House of Doge has purchased 10 million DOGE, worth approximately 1.8 million USD at current market prices. This move aims to accelerate transaction processing and improve DOGE payment efficiency for both businesses and individual users. Michael Galloro, a member of the House of Doge council, stated that the reserve fund will help Dogecoin become an effective payment method with faster transaction speeds, making it easier for daily use.

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Furthermore, Timothy from the Dogecoin Foundation revealed that the U.S. government is showing interest in adopting Dogecoin as a payment method for various services, from parking fees to utility bills. Additionally, the U.S. government is planning to collaborate with the Dogecoin Foundation to host major sporting events that will focus on educating participants about using self-custody Dogecoin wallets and understanding how to safely own and use DOGE.

Dogecoin is becoming a mainstream payment method

Dogecoin (DOGE) is increasingly becoming a prominent payment method in the global cryptocurrency community. Inspired by the Bitcoin Reserve Strategy of the Trump administration, House of Doge is actively working on plans to expand the use of Dogecoin as a payment method for businesses worldwide. With the goal of creating a fast and low-cost payment system, Dogecoin is emerging as a viable alternative to traditional payment methods.

Advantages of Dogecoin in payments

One of the key benefits of Dogecoin in payments is its fast transactions and low fees. Dogecoin enables businesses to easily integrate a DOGE payment button into their point-of-sale systems, significantly reducing transaction processing time and saving costs compared to current online payment methods. This helps businesses save time and improve transaction efficiency.

Furthermore, Dogecoin has a linear inflationary supply, unlike Bitcoin, which has a fixed supply. This makes Dogecoin a more flexible payment method that is suitable for daily use rather than just being a store of value. With the ability to be issued infinitely at a stable rate, Dogecoin offers the necessary stability for widespread use in everyday transactions.

Encouraging the use of Dogecoin

To encourage the use of Dogecoin in transactions, House of Doge will implement attractive strategies such as cashback for both consumers and businesses accepting Dogecoin. This effective incentive strategy helps attract users and businesses to join the Dogecoin payment ecosystem. All these factors are contributing to building a bright future for Dogecoin in the global payments industry.

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House of Doge expands partnerships to boost Dogecoin’s practical use

In the coming months, House of Doge is set to partner with multiple new commercial allies to demonstrate the real-world utility of Dogecoin. The plan involves acquiring payment solution providers, making it easier for Dogecoin to be integrated into business payment systems. This move is expected to bolster Dogecoin’s practicality and increase its adoption among businesses and consumers alike.

House of Doge’s primary goal is to enhance Dogecoin’s competitiveness against traditional payment methods. If successful, this could pave the way for Dogecoin to become a more widely accepted payment method globally. The cryptocurrency’s price has surged nearly 9% in the past 24 hours and is currently trading around $0.185. With a market cap of $27.5 billion, Dogecoin remains in the top 10 largest cryptocurrencies in the market.

Dogecoin price fluctuations in the last 24 hours

Additionally, at least three ETFs tied to Dogecoin are awaiting approval from the U.S. Securities and Exchange Commission (SEC). Last month, Bloomberg analysts estimated that the DOGE ETF has a 75% chance of being approved by the end of this year, signaling positive prospects for the coin’s future growth and mainstream adoption.

With solid steps like launching the official reserve fund and purchasing 10 million DOGE, Dogecoin is strengthening its position in the cryptocurrency market. This is a positive signal not only for DOGE investors but also for the entire cryptocurrency ecosystem. If you want to stay updated on the latest information about Dogecoin and other market trends, be sure to follow Copy Trade Crypto Bot, a trusted platform that keeps you ahead in the world of finance and investment.

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