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The Dogecoin Foundation has launched an official DOGE reserve, with an initial purchase of 10 million coins.
[The Dogecoin Foundation Launches Official DOGE Reserve, First Batch Purchases 10 Million Coins] The Dogecoin Foundation officially launched the ‘Official Dogecoin Reserve’ through its newly established business entity and has completed the purchase of the first batch of 10 million DOGE. This initiative is jointly promoted by the foundation and House of Doge, aiming to demonstrate the feasibility of DOGE as an efficient payment tool. House of Doge stated that this reserve serves as a ‘proof of concept’ for the implementation of Dogecoin payment scenarios. House of Doge expects to announce the first batch of strategic partners in the coming months to further promote the global payment application of DOGE. In addition, the Dogecoin Foundation revealed that it is in communication with relevant officials from the U.S. government to explore the introduction of DOGE payments in scenarios such as city parking and utility payments, and plans to promote DOGE wallet and educational activities through major sporting events.