The Dogecoin Foundation launches a 1 billion dollar DOGE reserve fund

The Dogecoin Foundation has established an "Official Dogecoin Reserve" through a new subsidiary, initially purchasing 10 million DOGE worth approximately $1.8 million USD. This move is part of the foundation's collaboration with House of Doge, which has become its commercial partner. House of Doge stated that the reserve demonstrates the potential of Dogecoin in efficient trading.
House of Doge plans to announce partners in the coming months to showcase the practical application of Doge as a global payment method. Although enthusiasm for Dogecoin has waned somewhat, DOGE prices have risen by about 10%, and its market value remains in the top ten. (The Block)