High-profile crypto exchange Binance reportedly took part in  Elon Musk’s $44 billion Twitter purchase, as revealed via information submitted to the US SEC. 

Specifically, On May 5, Musk reportedly submitted the filing for an adjusted general statement of the purchase, disclosing details related to Twitter at the receiving end of an aggregate of around $7.2 billion in new financing commitments, associated with the merger agreement, falling under the conditions in co-investor equity commitment letters.

Per the documents, Binance reportedly joins other 17 co-investors in the purchase, together with big names in the crypto sphere such as Sequoia Capital Fund and Fidelity Management and Research Company.

With finalized an investment of a total of $500 million, Binance reportedly ranked fourth in the list of contributors, standing behind thLawrence J. Ellison Revocable Trust, which made a $1 billion investment. 

Sequoia Capital and VyCapital reportedly made a donation of $800 million and 700 million, respectively.

Head of Binance, Changpeng Zhao, reportedly shared via a Twitter post subsequently following the filing became public, describing the company’s investment as a “small contribution to the cause.”

Every listed equity investor that had its name included in the document has reportedly made a commitment to contribute instantly before the closing of the acquisition.

“Equity Investors have retained an option to satisfy such Equity Investor’s equity commitment with shares of common stock held by such equity investor, valued at $54.20 per share”. 

Billionaire CEO and founder of Tesla Musk officially announced the acquisition of Twitter on April 25, with the $44 billion worth transaction expected to close in 2022, subject to the approval of Twitter stockholders as well as regulators.