Elon Musk’s X Corp Reveals Major Backing From Crypto Market

As a seasoned crypto investor with a knack for spotting promising ventures, I find myself intrigued by Elon Musk’s latest move. His strategic partnership with key crypto players like Binance and Jack Dorsey, who shares my enthusiasm for digital currencies, is nothing short of impressive.


Elon Musk continues to be among the world’s top investors and an accomplished negotiator, successfully attracting significant crypto investors for his social media company, X Corp. In response to a court order issued this week by a Federal Judge, X Corp has disclosed its shareholder list, which is now generating much discussion within the company.

Elon Musk and His Crypto Backers

In a daring decision, Elon Musk, assisted by Binance, purchased Twitter (valued at $44 billion at the time), and Jack Dorsey, a notable advocate for Bitcoin and co-founder of Square (Twitter’s predecessor), joined him in this investment round.

After their initial investment, Elon Musk has expanded the company, acquired licenses for X Payments across multiple states, with an aim to establish it as a comprehensive “All-in-One” platform.

This is a developing story, please check back for updates!!!

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2024-08-22 23:11