Dogecoin (CRYPTO: DOGE) bull Elon Musk recently became a major shareholder in Twitter Inc (NYSE: NYSE: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.
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.
| 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.
Read Next: Tesla Bear Michael Burry Says Elon Musk Taking Controlling Stake In Twitter Would Be 'Good For America'
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