Dogecoin Foundation Launches Official DOGE Treasury, First Purchase of 10 Million DOGE

BlockBeats News, March 25th, the Dogecoin Foundation officially launched the "Official Dogecoin Reserve" through its newly established commercial entity, and has completed the first purchase of 10 million DOGE. This move was 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 the reserve is a "concept validation" for the implementation of Dogecoin in 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 U.S. government officials to explore the introduction of DOGE payments in scenarios such as city parking and public utility bill payments, and plans to promote DOGE wallets and educational activities through major sports events.