One of the world’s largest crypto exchanges, is participating in Elon Musk’s $44 billion acquisition of Twitter, according to data filed with the US Securities and Exchange Commission.
Elon Musk filed an amended general statement of acquisition today, indicating that Twitter has acquired new funding commitments totaling $7.2 billion in connection with the merger deal, subject to the terms of co-investor equity commitment agreements.
According to the document, Binance is one of 18 co-investors in the acquisition alongside major crypto industry players like Sequoia Capital Fund and Fidelity Management and Research Company.
Binance CEO Changpeng Zhao took to Twitter subsequently after the filing became public, describing the company’s investment as a “small contribution to the cause.”
Each listed equity investor mentioned in the document has committed to contribute to or immediately prior to the closing of the acquisition. “Equity Investors have retained an option to satisfy such Equity Investor’s equity commitment with shares of common stock held by such equity investor, valued at $54.20 per share,” the document reads.