Cryptocurrency exchange Binance announced that it gave $ 500 million as an equity investor in the acquisition of Twitter by Elon Musk.
The social media platform Twitter has changed hands in a way that attracts great attention on the agenda. SpaceX and Tesla CEO Elon Musk bought the platform with a $44 billion payment. Musk’s acquisition of the Twitter platform was most supported by crypto investors. Among the supporters is the cryptocurrency exchange Binance.
Binance Invests $500 Million For Twitter
Binance founder and CEO Changpeng Zhao (CZ) told Twitter that his company is only an equity investor. In addition, CZ stated that he transferred about $ 500 million two days ago.
CZ referred to Elon Musk in his statement via e-mail. The Asian entrepreneur stated that they helped Elon realize a new vision for Twitter.
It is noteworthy that the crypto exchange Binance, which continues to grow on a global scale, is an investor in the social media platform. The company, which almost started to monopolize in its sector, came to the fore even more with this move. In addition, CZ argued that reducing spam and fraud on Twitter should be a priority.
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