Dogecoin Treasury is set to become a publicly traded stock, a move that could elevate Dogecoin beyond its meme coin status. The Dogecoin Foundation announced plans to use $175,000,420 from a private placement to acquire DOGE as its primary reserve asset. This strategy aims to reduce the circulating supply of DOGE, enhance its appeal to institutional investors, and provide non-crypto investors with easier access through brokerage platforms. Currently, DOGE is priced at $0.1916, reflecting a 0.94% decrease over the past 24 hours.