$100 Invested In Dogecoin When Elon Musk Disclosed Twitter Stake Would Have Already Fetched You This Much

Photo by Alexander Shatov on Unsplash

Dogecoin bull Elon Musk recently became a major shareholder in Twitter Inc (TWTR). 

Musk’s Twitter stake became known through a filing made with the U.S. Securities and Exchange Commission early Monday morning.

The revelation that Musk now owns over 9% of Twitter led to a spike in DOGE. The Jack Dorsey-led social media platform is often used by Musk to comment on the meme cryptocurrency.

The Investment

If an investor picked up $100 worth of Dogecoin at the time the SEC filing was made, here’s how much they would have now. At press time DOGE traded 6.25% higher at $0.1627.

The investor would have gained nearly 13.4% and would have made $13.40 in the span of just two days.

Musk Made Much More

Musk’s Twitter investment netted him a whopping $780.43 million in just one day. 

A recent filing by Musk indicates he intends to take a more active role in Twitter. He was appointed to the company’s board of directors on Tuesday.