Binance Plans To Invest $500 Million In Twitter Buyout

On Thursday, Binance announced a $500 million commitment to invest in Twitter along with Elon Musk’s buyout of the social media platform.

Binance is now among 18 other investors, including venture capital firm Sequoia Capital and investment firm Fidelity.

“We’re excited to be able to help Elon realize a new vision for Twitter,” Binance’s CEO, Changpeng Zhao, said.

“We hope to be able to play a role in bringing social media and web3 together and broadening the use and adoption of crypto and blockchain technology.”

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