CZ, the CEO of Binance, has bet big on Musk's Twitter buyout with a $500 million investment, saying he is 'extremely supportive' of the freedom of speech
, said the world's largest crypto exchange by trading volume has invested $500 million in Elon Musk's acquisition of Twitter, which was worth $44 billion. His investment was driven by a love of free speech.
"Number one, we want to be extremely supportive of free speech. As a business, we are helping to increase the freedom of money, and free speech comes before freedom of money, so we need to help maintain free speech," Zhao said. He made the comments at theZhao confirmed Binance's investment into Twitter on October 28 via a tweet, saying his intern had wired $500 million.
Zhao is an avid Twitter user, with 7.2 million followers."I use the Twitter app more than I use the Binance app," he said at the Web Summit. That's because he doesn't trade, but uses the Binance platform to store his cryptocurrencies, he added. Binance is not the only high-profile backer to Musk's acquisition of Twitter. Other high-profile investors in the deal include the
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