Dogecoin Foundation’s House of Doge Acquires 10M DOGE to Bolster Payment Utility

The Dogecoin Foundation’s corporate arm, House of Doge, has purchased over 10 million DOGE—valued at approximately $1.8 million—as part of a strategic reserve aimed at advancing Dogecoin’s use as a mainstream payment method.

Established in February under a five-year partnership with the Foundation, House of Doge is focused on commercializing DOGE beyond its memecoin status. Its goal is to integrate Dogecoin into real-world payment systems, leveraging its low transaction fees to drive broader adoption.

The group has signaled upcoming collaborations with payment processors, aiming to expand DOGE’s usability across various platforms.

“With this reserve, we are laying the groundwork for a more stable and liquid DOGE payment system,” said Michael Galloro, a Member of the Board-Elect at House of Doge. “By ensuring reliability in transaction processing, we’re making Dogecoin a practical choice for everyday commerce.”

DOGE experienced strong gains leading up to President Donald Trump’s election due to speculation that his administration might introduce a “Department of Government Efficiency” (D.O.G.E). However, the token has since faced a downturn, shedding over 30% of its value since January, according to CoinDesk data.