Elon Musk ‘s company X has disclosed the full list of shareholders as of June 2023 after being forced by a court order.
The list includes a mix of well-known investors and tech industry pillars who backed Musk’s venture into privatizing the social media platform formerly known as Twitter.
Among the well-known investors are venture capital moguls such as Andreessen Horowitz, Draper Fisher Jurvetson and Sequoia Capital, which had previously backed Musk’s takeover.
Binance on the list of X shareholders
Oracle co-founder Larry Ellison and cryptocurrency giant Binance are also on the list, highlighting the diverse financial support behind Musk’s initiatives. Surprisingly, the list also includes names such as Sean “Diddy” Combs through Sean Combs Capital, whose involvement was less well known until the Daily Mail report.
Adding to the intrigue is Bill Ackman, an activist investor known for his criticism of institutional practices at Ivy League schools, who has invested through the Pershing Square Foundation.
Another significant player is Joe Lonsdale’s 8VC, a company with alleged ties to Russian oligarchs.
Also worth noting are shareholders such as Twitter co-founder Jack Dorsey and Saudi Crown Prince Alwaleed bin Talal al Saud, who converted their original investment in Twitter into a stake in X after Musk’s acquisition.
The details of this shareholder list were officially documented in court filings on June 9, 2023, but were only made public this week after a legal motion filed by the Reporters Committee for Freedom of the Press, acting on behalf of journalist Jacob Silverman.
In a blog post, Silverman stressed that while many of the supporters were already known, the newly released list provides key insights without revealing specific ownership interests.
He said it is “a great starting point for journalists, researchers, regulators, activists and anyone who wants to know what’s going on behind the scenes of this important company.”
Binance seeks global expansion
In May, the Financial Intelligence Unit of India (FIU-IND) revealed that Binance had successfully registered with the regulatory body, returning to the country after some regulatory hurdles. Earlier, the exchange announced that it had obtained a license from the Dubai-based regulator, VARA, allowing the platform to serve retail customers, as well as qualified and institutional clients.
According to Bloomberg, the licensing process included Binance’s founder and former CEO, Changpeng Zhao, relinquishing voting control of the Dubai branch. What’s more, earlier this year Binance unveiled its joint cryptocurrency exchange Binance Thailand, which has partnered with Gulf Innova, a subsidiary of Gulf Energy Development.
Binance Thailand, or Binance TH for short, provides a platform for digital asset exchange services with Thai baht trading pairs. It is worth noting that Binance is facing increasing regulatory scrutiny around the world.
Last year, the Commodity Futures Trading Commission (CFTC) brought charges against Binance for allegedly operating an illegal digital asset derivatives exchange and circumventing federal regulations.
Similarly, the U.S. Securities and Exchange Commission charged Binance Holdings LTD and former CEO Changpeng Zhao (CZ) for allegedly operating unregistered exchanges, brokerages, clearing houses and unregistered offerings and sales of securities.
