Binance has committed $500 million to finance Elon Musk’s takeover of Twitter.

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Elon Musk Changes
Elon Musk Changes "Twitter" Signage To "Titter" At Its San Francisco Head Office

According to data filed with the US Securities and Exchange Commission, Binance, one of the world’s largest cryptocurrency exchanges, is a participant in Elon Musk’s $44 billion acquisition of Twitter.

Elon Musk filed an amended general statement of acquisition, announcing that Twitter received approximately $7.2 billion in new financing commitments in connection with the merger agreement, subject to the terms of co-investor equity commitment letters.

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Binance is one of 18 co-investors in the acquisition, along with major crypto industry players such as Sequoia Capital Fund and Fidelity Management and Research Company, according to the document.