PANews reported on March 25 that according to The Block, the Doge Foundation has established an "official Doge reserve" through its newly formed business entity House of Doge, and has purchased 10 million DOGE, which is approximately $1.8 million at market price. The reserve aims to serve as a demonstration of DOGE's efficient payment capabilities. The foundation plans to promote DOGE's application in commercial payment scenarios and will announce its first batch of strategic partnerships in the coming months. The DOGE price has risen 10% in the past 24 hours, but has fallen about 40% since November 2024.
Dogecoin Foundation sets up official reserve, first purchases 10 million DOGE
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