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 Dogecoin DOGE/USD 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. 

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 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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