.binance committed $500 million and VC Sequoia Capital committed $800 million to finance elonmusk's takeover of Twitter. Around $7.1 billion has been committed by 19 different parties for the takeover, according to a filing. By JamieCrawleyCD
Cryptocurrency exchange Binance committed $500 million, while venture capital firm Sequoia Capital committed $800 million to finance Elon Musk's $44 billion takeover of social media platform Twitter .
Tesla founder Elon Musk recently agreed to acquire the social media firm. Musk had said that he wants Twitter to be a proponent for free-speech. The billionaire is also a known supporter of cryptocurrencies, like memecoin Dogecoin and bitcoin .filing with the U.S. Securities and Exchange Commission filed on Wednesday
Binance founder Changpeng"CZ" Zhao referred to the commitment as"a small contribution to the cause" in a tweet after the news emerged.
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