Major crypto exchange Binance has took part in Elon Musk’s $44 billion purchase of Twitter, based on data filed using the U . s . States Registration.
On May 5, Musk filed an amended general statement from the acquisition, announcing that Twitter received an aggregate of approximately $7.2 billion in new financing commitments regarding the the merger agreement, susceptible to the circumstances in co-investor equity commitment letters.
Based on the document, Binance is among 18 co-investors within the acquisition alongside major crypto industry players like Sequoia Capital Fund and Fidelity Management and Research Company.
Getting invested $500 million, Binance may be the 4th greatest contributor, following Lawrence J. Ellison Revocable Trust, which invested $1 billion. Sequoia Capital and VyCapital donated $800 million and 700 million, correspondingly.
Binance Chief executive officer Changpeng Zhao took to Twitter subsequently following the filing grew to become public, describing their investment like a “small contribution towards the cause.”
A little contribution towards the cause. https://t.co/xD9XZxOWfL
— CZ Binance (@cz_binance) May 5, 2022
Each listed equity investor pointed out within the document has dedicated to lead to or immediately before the closing from the acquisition. “Equity Investors have hung on to a choice to fulfill such Equity Investor’s equity commitment with shares of common stock held by such equity investor, worth $54.20 per share,” the document reads.
This information is developing and will also be updated.