Binance allocated $500 million for Elon Musk’s Twitter purchase
The entrepreneur gave this information in a report to the SEC
05.05.2022 - 14:20
661
1 min
0
What’s new? The Binance cryptocurrency exchange has allocated $500 million to fund the purchase of the social network Twitter, which was initiated by SpaceX and Tesla CEO Elon Musk. He revealed this information in a report to the US Securities and Exchange Commission (SEC).
Who else invested in the purchase? According to the filing, equity investors gave $7,14 billion. The Lawrence J. Ellison Revocable Trust wrote the largest check for $1 billion. In second place was Sequoia Capital, which invested $800 million. Third place went to VyCapital, which provided $700 million.
What events happened before? In late April, Twitter’s board of directors approved Musk’s proposal to buy the social network for $44 billion, at $54,20 per share. Cardano blockchain founder Charles Hoskinson had previously offered Musk help in creating a decentralized version of Twitter if his purchase offer was rejected.
Useful material?
Market
The company’s unrealized profits from investing in its first cryptocurrency approached $14 billion
Nov 19, 2024
Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Market
The company predicts that the rate of the first cryptocurrency will grow to $200 000 by the end of next year
Nov 11, 2024