Binance Invests $100 Million in Circle, Expands Strategic Partnership and Renews Commercial Agreement for Five Years
Binance has made a $100 million strategic equity investment in Circle through a private placement of Class A common stock priced at a 5% discount to the pre-closing market price, with Binance restricted from transferring the shares for up to two years. Alongside the investment, the companies signed a new five-year commercial agreement under which Binance will accelerate the promotion and integration of USDC on its platform, especially across emerging markets, while Circle provides the supporting infrastructure.
Key figures
- Deal Value Usd
- 100000000
- Lockup period
- up to two years from closing, subject to customary exceptions
- Discount to market
- 5%
- Commercial agreement term years
- 5
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