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.
See Also: How To Buy Dogecoin (DOGE)
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.
| Date Of Purchase/Listing | Purchase Amount | Purchase Price | Coins Obtained | Current Worth | Percentage Change |
|---|---|---|---|---|---|
| April 4, 2022 | $100 | $0.1435 | 696.86 | $113.40 | 13.38% |
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
