Binance invests $100 million in Circle’s equity: what impact for the stock?

Article

In short
Binance buys $100 million worth of Circle shares in a private placement.
The 1.24 million shares were set at $80.84, or about 14% below Monday’s closing price.
Circle will pay Binance a monthly fee linked to balances in USDC.
Read the original article Binance invests $100 million in Circle’s equity: what impact for the stock? by Lockridge Okoth on fr.beincrypto.com

Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee. See T&Cs.

CRCLB+0.73%