Cryptocurrency exchange Binance committed $500 million, while venture capital firm Sequoia Capital committed $800 million to finance Elon Musk’s $44 billion takeover of social media platform Twitter (TWTR).
Around $7.1 billion has been committed by 19 different parties with investment firm Fidelity putting aside $316 million for the takeover
Tesla (TSLA) founder Elon Musk recently agreed to acquire the social media firm. Musk had said that he wants Twitter to be a proponent for free-speech. The billionaire is also a known supporter of cryptocurrencies, like memecoin dogecoin (DOGE) and bitcoin (BTC).
According to an updated Schedule 13D filing with the U.S. Securities and Exchange Commission (SEC) filed on Wednesday, the world’s largest crypto exchange was among the equity investors for the deal. A Schedule 13D is a form that must be submitted to the SEC when an entity acquires more than 5% of a company’s equity.
|Twitter Equity Investors Commitments|
|A.M. Management & Consulting||$25,000,000|
|AH Capital Management, L.L.C. (a16z)||$400,000,000|
|Aliya Capital Partners LLC||$360,000,000|
|BAMCO, Inc. (Baron)||$100,000,000|
|DFJ Growth IV Partners, LLC||$100,000,000|
|Fidelity Management & Research Company LLC||$316,139,386|
|Honeycomb Asset Management LP||$5,000,000|
|Key Wealth Advisors LLC||$30,000,000|
|Lawrence J. Ellison Revocable Trust||$1,000,000,000|
|Qatar Holding LLC||$375,000,000|
|Sequoia Capital Fund, L.P.||$800,000,000|
|Strauss Capital LLC||$150,000,000|
|Tresser Blvd 402 LLC (Cartenna)||$8,500,000|