The Dogecoin Reserve Fund has been officially established! $1.8 million has been purchased

Dogecoin has marked a significant milestone as the Dogecoin Fund announced the establishment of the Official Dogecoin Reserve Fund. The fund has completed its first transaction by purchasing 10 million DOGE, worth approximately $1.8 million at current prices.

The goal of this reserve fund is to enhance the usability and payment capability of Dogecoin as a global trading currency, by improving transaction processing speed and efficiency in payments for both businesses and consumers. Michael Galloro, a council member of the House of Doge, stated that the reserve fund will help Dogecoin become the top choice for everyday transactions thanks to faster speeds and higher practical application.

Additionally, the Dogecoin Foundation is collaborating with U.S. government officials to promote the acceptance of DOGE for various public services, from parking fees to utility bills, and has plans to host major sporting events to boost awareness and usage of Dogecoin within the community.