PANews reported on March 25 that according to The Block, the Dogecoin Foundation has established an "official Dogecoin reserve" through its newly established commercial organization House of Doge, and has purchased 10 million DOGE, which is about 1.8 million US dollars at market price. The reserve is intended to serve as a verification demonstration of DOGE's efficient payment capabilities. The Foundation plans to promote the application of DOGE in commercial payment scenarios and will announce the first strategic cooperation in the coming months. DOGE prices rose 10% in the past 24 hours, but have fallen by about 40% since November 2024.
Dogecoin Foundation sets up official reserve, first purchases 10 million DOGE
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