BNB Climbs on $2 Billion Investment from MGX

BNB, Binance’s native token, climbed nearly 7% higher following news that the exchange secured a $2 billion investment from MGX, an Abu Dhabi sovereign wealth fund. This unprecedented deal marks Binance’s first-ever institutional investment and is the largest investment in the crypto space, fully backed by stablecoins. The message is clear: institutional money is taking crypto seriously.

> MGX, an Abu Dhabi sovereign wealth fund, invests $2 billion in @Binance for a minority stake. The transaction will be 100% in crypto (stablecoins), marking it the largest investment transaction done in crypto to date.
>
> This is also the first institutional investment @Binance has…
> — CZ 🔶 BNB (@cz_binance) March 12, 2025

According to a Binance report, this is MGX’s first-ever investment in the cryptocurrency and blockchain sectors. Binance stated that a stake in the exchange would allow the fund to enhance its support for blockchain’s transformative effects on society.

Related: UAE Steps Up Crypto Game: Binance Licensed, Stablecoin Regulations Implemented

This move provides MGX the chance to partner with a major player in the crypto industry, fostering innovation where AI, blockchain technology, and finance intersect.

BNB Price Soars on Investment News

Following the announcement, BNB reacted immediately, jumping over 5%. The cryptocurrency gained momentum, recovering from a recent pullback that saw its price dip to a $508.5 local low.

The previous day’s rally lifted BNB from a $544.9 daily low to a $575.1 high. The bullish momentum continued, with BNB trading for $581.4 at the time of writing, marking a 2.29% increase from Wednesday’s closing price. BNB’s total gain since the announcement is 6.81%, according to TradingView data.

What This Means for BNB Holders

While most cryptocurrencies await a broader trend reversal for an expected market bull run, adoption moves like the MGX-Binance partnership could trigger isolated rallies.

Related: Binance-Abu Dhabi Deal Shifts Crypto Power Balance, with $2 Billion Investment Boost from MGX

Importantly, Wednesday’s recovery pushed BNB above critical resistance at $560, converting this zone into a solid support level that may influence future price movements.

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