
31/10/2022
Binance Holdings Ltd., the world’s largest cryptocurrency exchange, confirmed that it’s an equity investor in Elon Musk’s $44 billion acquisition of Twitter Inc. “We aim to play a role in bringing social media and Web3 together in order to broaden the use and adoption of crypto and blockchain technology,” Binance said in a statement, citing Changpeng “CZ” Zhao, its billionaire co-founder.
Binance in May said it had committed $500 million for the takeover as part of its strategy to bring social media and news sites into the world of web3.
Source: https://www.bloomberg.com/news/articles/2022-10-28/binance-confirms-it-s-an-equity-investor-in-musk-twitter-deal