Elon Musk bought Twitter and Doge rise up 24%

26.04.2022 10:12
by Anđelija Anđelić
1 min read

Billionaire and inventor Elon Musk bought Twitter for $44 billion and fueled the rise of DOGE. The deal is expected to close by the end of 2022 and Twitter will become a private company. Shares can be bought and sold only on the over-the-counter market.

Musk allocated $21 billion from personal funds to buy the social network. Another $25.5 billion was provided to the entrepreneur by a group of banks led by Morgan Stanley.

Dogecoin quotes reacted with a sharp increase to the news about the sale of Twitter. Over the past day, the meme-cryptocurrency has grown by 24.2%.

DOGE.USD/ photo: TradingView

On the evening of April 25, the price of DOGE reached $0.17 at the moment. Currently, the rate has corrected to around $0.15.

Author

  • Anđelija Anđelić is an Italian language and lit major, and investigative journalist with a special interest in the crypto world and tech innovations. Exploring the ways our world is changing and bringing the freshest info is her passion.

Trending news

Subscribe and be in touch
Click here