Binance Becomes Twitter's Equity Investor - Coinleaks
Current Date:November 7, 2024

Binance Becomes Twitter’s Equity Investor

Cryptocurrency exchange Binance, Elon Musk‘of twitteras an equity investor in the acquisition of 500 millionannounced dollars.

social media platform twitter, changed hands to attract great attention on the agenda. SpaceXand Tesla CEO‘this Elon Musk, 44 billionpurchased the platform with a payment of $. Musk‘of, twitter His acquisition of the platform was mostly supported by crypto investors. Cryptocurrency exchange among supporters Binanceis also included.

Binance Invests $500 Million For Twitter

Binancefounder and CEO‘su Changpeng Zhao ( CZ), company twitter He told . that he is only a stock investor. Moreover CZ, about two days ago 500 millionHe said he transferred the dollar.

CZ , mentioned 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.