25-3-2025 – The House of Doge has acquired a substantial position of 10 million dogecoin, valued at approximately $1.8 million, marking a significant shift in the digital currency’s trajectory from internet phenomenon to serious payment contender.
The strategic acquisition, orchestrated by the recently established corporate wing of the Dogecoin Foundation, represents a calculated step towards transforming the once-playful cryptocurrency into a legitimate payment instrument. The House of Doge, which commenced operations in February under a five-year mandate, aims to demonstrate the practical utility of DOGE in everyday transactions, emphasising its minimal fee structure.
Board-Elect member Michael Galloro emphasised the strategic importance of maintaining substantial reserves, noting that this approach would enhance transaction processing efficiency and bridge the gap between digital payments and real-world applications. The organisation has also indicated its intention to unveil collaborative ventures with several payment processing entities in the forthcoming months.
The cryptocurrency, which recently garnered attention during the lead-up to President Trump’s election due to speculative connections with a proposed “Department of Government Efficiency” (D.O.G.E.), has since experienced market volatility. Recent market data from CoinDesk indicates a more than 30% decline in value since January, aligning with broader market corrections and profit-taking activities.
This institutional backing arrives at a pivotal moment for the digital asset, as it transitions from its meme-based origins towards establishing itself as a practical payment solution. The House of Doge’s substantial reserve strategy signals a commitment to building a robust payment ecosystem, potentially reshaping the cryptocurrency’s role in digital commerce.