Binance Co-Founder CZ Confirms Small Stake in X Amid $500 Million Investment in Twitter Acquisition

On December 15, in a recent statement on X, Binance co-founder Changpeng Zhao, often referred to as CZ, addressed a question regarding Binance’s involvement with the X platform, confirming that the exchange holds a minor stake. This revelation follows CZ’s previous announcement expressing his enthusiasm about contributing to Elon Musk’s acquisition of Twitter. It was reported that Binance made a substantial investment of $500 million as part of Musk’s takeover deal. Musk publicly acknowledged this support on X, which further solidifies the collaborative relationship between the two prominent figures in the crypto and social media landscapes. This investment underscores Binance’s strategic positioning within the growing intersection of cryptocurrency and mainstream social media platforms, signaling potential synergistic opportunities for enhancing user engagement and adoption of blockchain technologies.