As per Reuters, Twitter is set to accept Elon Musk’s original $43 billion offer in cash as the Tesla CEO labelled his offer as “best and final”.
“My offer is my best and final offer and if it is not accepted, I would need to reconsider my position as a shareholder.”Elon Musk tweeted.
Twitter has been integrating popular culture crypto themes in its systems, like display picture ability to display users’ NFT with the ability to verify them. Twitter also had plans to accept crypto for its Twitter Blue service but the same has not been confirmed yet.
Musk is also well known for his crypto endeavours. His actions often reflect in price movements of some of the world’s largest cryptocurrencies like Dogecoin or the world’s largest crypto currency itself, Bitcoin. When Musk announced his plans for the hostile takeover of Twitter, Doge jumped almost 11% only to fall 5% back after Elon decided to not join the Twitter board.
Today, after Twitter’s confirmation to accept Elon’s offer the meme cryptocurrency has surged 6% to trade currently (at the time of writing) at $0.14.
Many speculate that Musk will liberate Twitter by allowing free speech with some restrictions as well as integrate new-age technologies (blockchain and web3) on the microblogging website. Tesla has been accepting Dogecoin for some of its merchandise, although it stopped accepting Bitcoin due to environmental reasons.