Will Twitter Get More Crypto-Friendly With Musk’s Investments From Binance and A16z?

The Twitter logo is displayed on the screen of a smartphone and a tablet in Toulouse, southern France on Oct. 26, 2020. Lionel Bonaventure/AFP via Getty Images

Tesla Inc. CEO Elon Musk has landed backers for his buyout of social media platform Twitter Inc.

What Happened

Agreements were reached with 19 total investors, including 18 new companies to help facilitate Musk’s $44 billion buyout of Twitter.

Among the investors were two names that are well known in the cryptocurrency space: Binance and a16z.