If You Invested $100 In Dogecoin When Elon Musk Made His Twitter Offer, Here’s How Much You’d Have Already By Benzinga

© Reuters. If You Invested $100 In Dogecoin When Elon Musk Made His Twitter Offer, Here’s How Much You’d Have Already

Tesla Inc (: TSLA) CEO Elon Musk is a well-known (CRYPTO: DOGE) bull. His tweets have sent the meme coin soaring in the past.

On April 14, the entrepreneur approached Twitter’s board with an offer to buy all the outstanding shares of the company for $54.20 per share, a 38% premium over that day’s prevailing stock price.

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The Investment
If an investor banked on Dogecoin the day Musk made his announcement and invested $100 the same day, here’s how much they would have at press time when DOGE traded at $0.1558.

Date Of Purchase/Listing
Purchase Amount
Purchase Price
Coins Obtained
Current Worth
Percentage Change
April 14, 2022 $100 $0.1439 694.93 $108.27 8.27%

The investor would end up with a gain of 8.27% and the $100 would be worth $108.27 at press time.

Takeover Secured
Musk succeeded in his quest to purchase Twitter (NYSE:) on Monday. He said he invested in the company because of “its potential to be the platform for free speech around the globe.” On the same day, Dogecoin rallied 20.8% in the exuberance of the news.


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