House of Doge, the corporate arm of the Doge Foundation, has purchased more than $10 million in DogeCoin (Doge) than just $1.8 million as part of its broader Doge Reserve strategy.
House of Doge is the foundation’s corporate and commercialization unit, established in February with a five-year agreement. Doge hopes to be placed as payment currency, away from its main presence as memocoin, as part of a framework that shows that it can be used for everyday payments at very low rates.
House of Doge added that it will announce partnerships with various payment processors in the coming months.
“The strategic reserves lay the foundation for a payment ecosystem that guarantees liquidity, stability and reliability,” said Michael Galloro, a member of Doge House-Elect. “By maintaining a reserve, we can bridge the gap between transaction processing time and real-world ease of use, making Dogecoin extremely practical for everyday purchases.”
Doge was one of the best benefits in driving President Donald Trump’s election, as abbreviations could become part of the administration. “Government Efficiency” was abbreviated as Doge.
Since then, data from the Coindesk market shows that prices have fallen more than 30% since January, with sales and sales along with the broader market.