Twitter’s Secret Restructuring: What Does This Mean for Dogecoin?
Twitter Inc. has undergone a major corporate restructuring without any official announcement. It merged with X Corp. on April 4, as court documents reveal.
The documents also state that X Corp. is a privately held corporation owned by X Holdings Corp., of which no publicly traded corporation owns 10% or more of the stock.
#BREAKING: Twitter is Dead
A filing at Southern District of Florida shows that Twitter Inc has merged with X Corp and now Twitter no longer exists.
X Corp’s parent company is X Holding Corps.
The new phase of Twitter will be X Corp.
Is this the start of the everything app? pic.twitter.com/vposdXKbGV
— Mario Nawfal (@MarioNawfal) April 11, 2023
X Holdings Corp. is owned by Elon Musk, who filed three holding companies called X Holdings I, II, and III in April 2022 to acquire Twitter for $44 billion.
Reports suggest that Musk is working on creating a new super company that combines Tesla, SpaceX, Neuralink, The Boring Company, and Twitter. The merger between Twitter and X Corp. was filed in Nevada on March 15, 2023.
READ MORE: Reducing Europe’s Reliance on the US Dollar: Macron’s Warning Amidst Geopolitical Shifts
The impact of this merger on the Twitter app in the short term is uncertain since it has not been officially announced. However, it could be the first step by Elon Musk to turn Twitter into the “everything app” called X, which will focus on payments.
The rumors about a Twitter Coin and the integration of cryptocurrencies such as Dogecoin as a means of payment have been circulating for a long time, and it seems that Musk is currently focusing on fiat payments and a Reddit-like reward system with the Twitter Coin.
Nonetheless, it is likely that Dogecoin and other cryptocurrencies will be integrated into the app soon. For the Dogecoin community, this merger may bring them closer to the day when Musk announces Dogecoin as a payment method inside X.
At present, DOGE’s price is trading at $0.08521 and has increased by 2.8% in the last 24 hours.
Alexander Stefanov
Reporter at CoinsPress
Alex is Editor-in-Chief of Coinspress and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
