Binance, the world’s largest crypto exchange, appears to be among the parties providing Elon Musk with funding for his takeover of Twitter. The move was revealed in a filing by Musk to the Securities and Exchange Commission (SEC).

The filing, an amended 13D, shows that Binance has made a equity commitment of $500 million to the takeover. The commitment sees Binance join several major private equity players vying for a stake in the soon-to-be privatized Twitter.

Binance CEO Changpeng “CZ” Zhao called the move a “small contribution to the cause.”

CZ says that they are a very small percentage wise, that Elon runs the show.

My take on this is: Elon Musk is very smart and has received massive support from VC’s and Tech Billionaires. This is a good move for Elon, since it is rumored that he has plans to contest in the next US presidential elections.

Once again, a big Congratulations to Elon Musk for taken over Twitter. We hope for the best.