Changpeng Zhao (CZ), CEO of Binance, the world’s largest exchange, announced that he can provide financing support of up to $ 500 million to Elon Musk’s Twitter bid.
Investing in Elon Musk’s bid to buy Twitter, Binance CEO CZ told Bloomberg among the stock market’s top priorities this year reiterated that. Binance before Tesla and SpaceX About to customize Twitter’s CEO One of the financiers of his $44 billion offer was displayed as.
On the one hand, the CEO of FTX Sam Bankman-Fried While investing billions of dollars in bankrupt crypto companies, Binance CEO continues to invest and expand in many different areas. CEO of FTX recently Sam Bankman-Fried‘s chief advisor Will MacAskillin March of Elon Musk It turned out that he had contacted with Twitter about acquiring Twitter. 5 billion dollarsStating that they could make a contribution until the FTX front, Musk was indifferent.
CZ this year acquisitions and investments for more than $1 billion He said he could spend it. In addition, to Musk for the Twitter offer. 500 million dollarsHe also stated that they can provide support.
CZ, who has not been successful in the “bankrupt company tenders” race they entered with FTX until now, made the following statements on the subject:
We’ve looked at a lot of lenders in recent months because that’s where the center of the problems is. Many simply take one user’s money and give it to another. There is not much intrinsic value. In this case, what can we achieve? We want to see the real products people use.
In the continuation of the CZ statement, Binance in the coming months, traditional e-commerce and minority stakes in gaming companies He said he might be interested in buying it too. Stating that they are aware of the consolidation that continues throughout the bear market, the CEO said, “There is so much risk and so much pain, but also so much opportunity.” statements drew attention.