Binance Invests $100M In Circle Equity: How Will Stock React?
Binance bought $100 million of Circle stock at $80.84 a share, a 14% discount, with a two-year lockup attached. The post Binance Invests $100M In Circle Equity: How Will Stock React? appeared first on BeInCrypto.
Key Takeaways
- Binance bought $100 million of Circle stock at $80.84 a share, a 14% discount, with a two-year lockup attached.
- The post Binance Invests $100M In Circle Equity: How Will Stock React?
- appeared first on BeInCrypto.
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Binance buys $100 million Circle stake in five-year USDC promotion deal
Circle sold 1.24 million shares at $80.84 each and will pay Binance a monthly fee tied to USDC held through its wallet infrastructure.