Binance CEO Changpeng “CZ” Zhao confirmed a $500 million investment to back Elon Musk’s most-talked-about Twitter takeover. The company wired the funds earlier this week.
With the money pouring in, Binance’s significant stake in Twitter makes it the fourth contributor to the takeover.
Ellison Revocable Trust remains the biggest contributor with its $1 billion investment to the Musk-led acquisition.
The new announcement aligns with Binance’s plans as it has previously committed to co–invest in Elon Musk’s Twitter takeover earlier this year.
