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Binance Backs Elon Musk's Twitter Acquisition Bid With $500M

5 May, 20221 min readRegulation
Binance Backs Elon Musk's Twitter Acquisition Bid With $500M

The industry's largest cryptocurrency exchange, Binance, has committed $500 million to Elon Musk's recent $44 billion bid to acquire Twitter, according to an updated 13D filing with the SEC.

The filing indicates that Fidelity ($316 million), Sequoia Capital ($800 million), and many other investors also committed funds to the Tesla chief's acquisition plans.

The largest investor, Lawrence J. Ellison Revocable Trust, added $1 billion.

This story is breaking and will be updated.

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