Elon Musk has secured $7.139 billion in new financing commitments to fund his acquisition of Twitter. crypto cryptocurrency bitcoin $BTC
Tesla and Spacex CEO Elon Musk has secured $7.139 billion in new financing commitments to fund his acquisition of Twitter, including from several pro-crypto companies. Cryptocurrency exchange Binance, for example, has committed to invest $500 million in the social media platform alongside Musk.Tesla CEO Elon Musk has secured funding from 18 companies to purchase Twitter Inc.
Some pro-crypto companies are on the list of investors, including Sequoia Capital Fund which committed $800 million, crypto exchange Binance which committed $500 million, AH Capital Management which committed $400 million, and Fidelity which committed over $300 million.Binance independently announced Thursday that it “plans to invest $500 million alongside Elon Musk in Twitter buyout.
We’re excited to be able to help Elon realize a new vision for Twitter … 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. Sequoia Capital is a crypto-friendly VC firm. The company launched a cryptocurrency-focused fund of as much as $600 million in February and has partnered with some key players in the crypto space, including FTX CEO Sam Bankman-Fried and former Twitter CEO Jack Dorsey.
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