Binance, Invested $500 Million Together With Elon Musk in Twitter Takeover
Binance, the world's largest cryptocurrency exchange, appears to be one of the sources of finance for Elon Musk's purchase of Twitter.
Binance has made a $500 million equity commitment to the buyout, according to the document, which is an amended 13D.
The move was described by Binance CEO Changpeng "CZ" Zhao as a "little contribution to the cause." Binance is one of several large private equity firms vying for a share in Twitter, which is set to be privatised soon.