The Dogecoin Foundation, through its newly established corporate arm, House of Doge, has launched the Official Dogecoin Reserve with an initial purchase of 10 million DOGE, valued at approximately $1.8 million based on current market prices. The reserve is designed to serve as a liquidity pool to facilitate transactions for global merchants, aiming to address blockchain transaction delays. House of Doge was formed in February under a five-year partnership to position Dogecoin as a payment currency. Michael Galloro, a member of the board-elect of House of Doge, stated that the reserve aims to ensure liquidity, stability, and reliability for Dogecoin's use in everyday payments. The entity plans to announce partnerships with payment processors and introduce merchant incentives and reward programs to encourage adoption.