Dogecoin Foundation’s House of Doge Secures 10M DOGE to Drive Payment Ecosystem
The Dogecoin Foundation’s corporate arm, House of Doge, has purchased 10 million DOGE—valued at around $1.8 million—as part of a strategic effort to enhance liquidity and promote Dogecoin’s use as a mainstream payment method.
Formed in February under a five-year partnership with the Foundation, House of Doge is working to expand DOGE’s role beyond memecoin status by positioning it as a fast, low-cost payment solution. The initiative aims to integrate Dogecoin into real-world financial systems, providing merchants and consumers with a stable and efficient digital currency option.
House of Doge has also announced plans to collaborate with major payment processors in the coming months to further solidify DOGE’s utility in the payments space.
“With this reserve, we’re ensuring that Dogecoin remains a reliable medium for transactions,” said Michael Galloro, a Member of the Board-Elect at House of Doge. “By reinforcing liquidity, we’re laying the groundwork for broader adoption and long-term sustainability.”
DOGE saw a surge in demand before President Donald Trump’s election due to speculation about a “Department of Government Efficiency” (D.O.G.E). However, since January, the token has experienced a decline of more than 30%, according to CoinDesk data.
