Tron blockchain founder, Justin Tron, has offered to acquire Twitter Incorporated at $60 per share, agreeing to support proposals including Dogecoin payments integration.
The acquisition offer has caused Dogecoin to jump by more than 5%, with the price rising from $0.1381 to $0.142. The trading volumes have equally increased 24% in the same period.
Tesla CEO Elon Musk made a similar proposal for $54.20 per share to acquire the social media giant to promote freedom of speech and a ban on advertising.
Elon Musk declined to join the Twitter board to avoid the restrictions that block board members from holding more than 15% of the company’s stake.
Musk has unveiled an SEC filing report that shows he wants a complete acquisition of the company with a much bigger consideration, saying he has no confidence in the firm’s management.