<span style="font-weight: 400">The widely-renowned entrepreneur and the Chief Executive Officer of Space X and Tesla, Elon Musk has elevated his presence on the social media platform by acquiring a massive stake on Twitter. According to the United States Securities and Exchange Commission (SEC), Elon Musk has purchased a 9.2 percent stake in Twitter Inc. </span>

https://twitter.com/WatcherGuru/status/1510928439481622529

<span style="font-weight: 400">As per the calculations based on Twitter's last closing, Musk reportedly purchased a total of 73,486,938 shares of Twitter which was approximately worth $2.8 billion. Additionally, the shares of Twitter observed a sudden climb of 26 percent in pre-market trading. </span>
<h2>How Did Elon Musk Decide To Stake Twitter Shares?</h2>
<span style="font-weight: 400">Musk had recently conducted a poll on Twitter asking his millions of followers whether Twitter is adhering to the principles of freedom of speech. Many users voted a 'no.' </span>

<span style="font-weight: 400">Following the results, he asked his followers for any alternatives and stated his plans for his own social media platform.</span>
<h2><strong>What Does Twitter's Acquisition Mean for Musk's Beloved Dogecoin Community?</strong></h2>
<span style="font-weight: 400">Elon Musk has publicly displayed interest in the crypto meme Dogecoin [DOGE] from endorsements to onboarding DOGE into Tesla. Following the largest acquisition of Twitter, followers of Musk speculated about his Dogecoin-centric developments. </span>

<span style="font-weight: 400">Recently, Twitter introduced a new option known as the <a href="https://www.cryptoknowmics.com/news/twitter-considering-to-add-tipping-service-using-bitcoin-btc/">crypto tipping jar</a> which added Bitcoin (BTC) and Ethereum (ETH). When Dogecoin wasn't added to the list, the Dogecoin community showered Twitter with petitions and hashtags. Joining the forces was the co-founder of DOGE, Billy Markus. </span>

<span style="font-weight: 400">Now, the responsibility is in the hands of Musk, the largest shareholder of Twitter to add a Dogecoin Tipping Jar.</span>

Elon Musk Becomes The Largest Stakeholder in Twitter

The US Securities and Exchange Commission (SEC), Elon Musk has purchased a 9.2 percent stake in Twitter Inc becoming Twitter's largest stakeholder.

Priyanka is an active crypto enthusiast. Having graduated with a BA in Journalism and Mass Communication, she is a passionate content writer with a strong understanding of financial content. She has been writing on crypto and blockchain-related topics for the last three years and is an active trader.

Elon Musk Becomes The Largest Stakeholder in Twitter

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