Công nghệĐời sống sốSố hóa

Binance contributes 500 million USD to buy Twitter

The world’s largest cryptocurrency exchange contributed $500 million with Elon Musk in the acquisition of Twitter.

According to a filing filed by the world’s richest tech billionaire with the US Securities and Exchange Commission on May 5, Binance is among 19 investors contributing capital in the acquisition of Twitter. The total amount raised was $7.1 billion, of which Binance was one of the largest contributors with $500 million.

Reply CoinDesk, a representative of Binance said they entered the transaction “as an investor and supported Elon Musk’s plans with Twitter”. Meanwhile, on his personal page, Binance founder Changpeng Zhao describes the act on “a small contribution to the cause”.

Binance is currently the largest cryptocurrency exchange in the world. Changpeng Zhao, nicknamed CZ, is also the richest person in the cryptocurrency world, with a fortune of about $65 billion according to Forbes.





Binance Founder Changpeng Zhao.  Photo: Binance

Binance Founder Changpeng Zhao. Image: Binance

CZ and Musk are both pro-cryptocurrency, but both were many times of war of words on social networks. The latest in November 2021, CEOTesla complained about Binance after the cryptocurrency exchange “mistakenly transferred” an amount of Dogecoin to the wallets of more than 1.6 thousand users, then froze their transactions. CZ then blamed the technology on Dogecoin, and attached a link about how Tesla also had to recall nearly 12,000 because of a software error.

In addition to Binance, a number of other investors also participated such as Larry Ellison (one billion USD), Sequoia Capital (800 million USD), VyCapital (700 million USD).

Elon Musk announced that he has reached an agreement to buy Twitter on April 25, with a transaction value of about $ 44 billion and is expected to be completed in October. He affirmed that one of the top priorities when taking over Twitter is type. remove crypto-related “scams, bots and bot armies” on Twitter.

After the news that Binance contributed money to buy Twitter was released, Twitter share price increased 2% to $50.12, while the BNB token increased from 399 to 414 USD.

Luu Quy

You are reading the article Binance contributes 500 million USD to buy Twitter
at Blogtuan.info – Source: vnexpress.net – Read the original article here

Back to top button