Binance, Invested $500 Million Together With Elon Musk in Twitter Takeover

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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.