On March 25, 2023, the Dogecoin Foundation established the 'official Dogecoin reserve' through a newly formed commercial department and purchased the first batch of 10 million DOGE at the current market price, valued at approximately 1.8 million USD. This is part of the results of the collaboration with House of Doge, aimed at verifying the feasibility of Dogecoin in efficient and seamless transactions.

This initiative is an important step in the development of Dogecoin. The establishment of the reserve can enhance market confidence and send positive signals to the outside world. Moreover, as subsequent collaborations with merchants promote instant payments, the application scenarios for Dogecoin are expected to expand. If successful, its status in the cryptocurrency payment field will improve, which is worth looking forward to.