Binance founder Changpeng ‘CZ’ Zhao confirmed a $500 million equity investment in Elon Musk’s acquisition of Twitter Inc.
CZ explained the investment as a move to bridge social media and web3 and spur the wider adoption of cryptocurrency and blockchain tech. He also described the investment as “a small contribution” to help Musk realize his new vision for Twitter.
Binance first announced its $500 commitment to support the acquisition in May. 5, 2022.
Musk finalized the $44 billion acquisition of Twitter Inc on Oct. 27, a day before a court-ordered deadline that would otherwise see the Delaware Chancery Court recommence trial in November.
Musk’s vision for Twitter
A day before the deal’s closing, the billionaire announced that he acquired Twitter because it is essential to the future of civilization via a tweet. He expressed his concerns about social media censorship and his motivation to promote dialogue as a way past political fragmentation via his acquisition.
Musk want
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