THELOGICALINDIAN - Tesla and Spacex CEO Elon Musk has anchored 7139 billion in new costs commitments to armamentarium his accretion of Twitter including from several procrypto companies Cryptocurrency barter Binance for archetype has committed to advance 500 actor in the amusing media belvedere alongside Musk
Crypto-Friendly Companies Join Elon Musk to Buy Twitter
Tesla CEO Elon Musk has anchored allotment from 18 companies to acquirement Twitter Inc., his filing with the U.S. Securities and Exchange Commission (SEC) on Thursday shows.
The SEC filing explains that Musk accustomed disinterestedness charge belletrist from these investors on May 4 “providing for an accumulated of about $7.139 billion in new costs commitments” in affiliation with his proposed accretion of Twitter.
Some pro-crypto companies are on the account of investors, including Sequoia Capital Fund which committed $800 million, crypto barter Binance which committed $500 million, AH Capital Management (aka Andreessen Horowitz, a16z) which committed $400 million, and Fidelity which committed over $300 million.
Binance apart appear Thursday that it “plans to advance $500 actor alongside Elon Musk in Twitter buyout.” CEO Changpeng Zhao (CZ) commented:
Sequoia Capital is a crypto-friendly VC firm. The aggregation launched a cryptocurrency-focused armamentarium of as abundant as $600 actor in February and has partnered with some key players in the crypto space, including FTX CEO Sam Bankman-Fried and above Twitter CEO Jack Dorsey.
Fidelity Investments has continued been pro-bitcoin, calling the cryptocurrency “a superior anatomy of money.” In April, the banking casework behemothic launched crypto and metaverse exchange-traded funds (ETFs) and appear that it will alpha acceptance bitcoin investments in 401(k) retirement accounts.
The better allotment charge came from Larry Ellison, co-founder of Oracle Corp. and a Tesla lath member. He agreed to advance $1 billion.
Saudi Prince Alwaleed bin Talal additionally agreed to abide an broker of Twitter afterwards Musk’s takeover. He initially banned to accede the Tesla executive’s action to buy the amusing media platform, advertence that his action did not appear abutting to Twitter’s built-in value.
What do you anticipate about pro-crypto companies advance in Twitter alongside Elon Musk? Let us apperceive in the comments area below.
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