The Dogecoin Foundation has taken significant action by acquiring over 10 million DOGE tokens, valued at around 1.8 million dollars. This acquisition is part of a broader strategy aimed at strengthening the Dogecoin reserve and encouraging its use in everyday payments.

Through its commercial division, House of Doge, this move reflects the foundation’s commitment to transitioning Dogecoin from a meme coin to a practical digital currency suitable for transactions. The acquisition follows an established five-year partnership between the Dogecoin Foundation and House of Doge, aiming to solidify their strategy.

Despite a recent 30% bear decline in the price of DOGE since January, this strategic acquisition and intent to reinforce the DOGE reserve highlight the foundation’s long-term vision for the cryptocurrency. As the market evolves, this move could play a crucial role in bolstering confidence among current and potential DOGE users.