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Binance invested $ 500 million with Elon Musk in the acquisition of Twitter

The largest cryptocurrency trading floor according to Binance trading volume has participated in the acquisition of Twitter worth $ 44 billion of Elon Musk according to a announcement on Thursday.

Binance is one of 18 co -investors in this acquisition with major venture capital companies in the cryptocurrency industry such as Sequoia Capital Fund and Fidelity Management and Research Company.

With an investment of US $ 500 million, Binance is the fourth largest contribution company, after Thlawrence J. Ellison Revocable Trust, the company invested 1 billion USD. Sequoia Capital and Vycapital have contributed $ 800 million and $ 700 million respectively.

We are happy to help Elon realize a new vision for Twitter and we hope to be able to play a certain role in bringing social networks and web3 together, and expanding the use and use and use. Accept cryptocurrency technology and blockchain. ”

Changpeng Zhao, CEO of Binance

Billionaire CEO and founder Tesla Elon Musk officially announced the acquisition of Twitter on April 25, with a US $44 billion trading. His top priority for Twitter is to eliminate frauds, spam news including things related to cryptocurrencies.