Tesla CEO Elon Musk said the deal to acquire the social network Twitter should be closed by Friday. Against the backdrop of this news, the cost of Dogecoin jumped by almost 8%.
The cryptocurrency market reacted positively to reports of the imminent acquisition by Elon Musk of the social network Twitter. So, according to СoinMarketCap, the cost of the DOGE coin, which is actively supported by the businessman, increased by almost 8% during the day, to $0.06369.
After a series of legal battles, the head of Telsa said he wants to return to his original agreement to buy Twitter at $54.20 per share and plans to close the deal on October 28th. The amount of the transaction will be about $44 billion, while $13 billion will be borrowed from the external market.
The parties to the transaction do not disclose the sources of co-financing. However, based on information previously published in the media, Binance cryptocurrency exchange, Oracle and venture capital company Sequoia expressed their interest in supporting the acquisition.
The parties entered the group of participants in the investment pool, and later Saudi prince Alwaleed Bin Talal Abdulaziz Alsaud joined them, who announced his intention to buy 34,948,975 shares of the company for about $1.7 billion.
The Tesla CEO regularly speaks out in support of Dogecoin. He emphasizes that the “meme cryptocurrency” network can process significantly more transactions than the Bitcoin network. According to Musk, DOGE is much better than bitcoin for payments, since transactions are confirmed in 60 seconds.
