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#DOGE Official Reserve Plan
The Dogecoin Foundation's corporate arm, House of Doge, has purchased over 10 million dogecoin, worth over $1.8 million, as part of a broader reserve strategy.
House of Doge, formed in February, aims to position DOGE as a payment currency, moving away from its existence as a joke token, and plans to announce partnerships with various payment processors soon.
• Despite high gains during the run-up to President Trump's election, DOGE has seen a sell-off with prices down more than 30% since January.
Dogecoin Foundation Purchases 10M Tokens as Part of New DOGE Reserve
The Dogecoin Foundation agreed in February to a five-year partnership with House of Doge, which will be its official commercialization partner.
The DOGE Foundation and House of Doge have launched the "DOGE Reserve" plan and purchased 10M DOGE at the current market price, aiming to tackle transaction delays in daily payments. How will this impact DOGE's price?