BNB, the native token Binance, rose by almost 7% on the news after the exchange received an investment of $ 2 billion from the MGX, the Au -Dabi sovereign wealth fund. This unprecedented deal notes the first institutional investment of Binance and the largest investment in the crypto space, fully supported by Stablecoins. The message is clear: institutional money is seriously related to Crypto.
MGX, the Au -Dabi sovereign welfare fund, invest $ 2 billion in a minority share in @binance. The transaction will be 100% in cryptocurrencies (stabules), which notes its largest investment transaction made in cryptography today.
It is also the first institutional investment @binance …
– CZ 🔶 BNB (@cz_binance) March 12, 2025
According to the Binance report, this is the first MGX investment in the cryptocurrency and blockchain sector. Binance said that the share in the exchange will allow the Fund to increase its support for the transforming effect of blockchain on societies.
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This step gives MGX the opportunity to cooperate with the leading player in the crypto industry, which contributes to innovation at the intersection of artificial intelligence, blockchain technology and finance.
BNB price takes off on investment news
BNB immediately reacted to an ad on Wednesday, gaining 5%. The cryptocurrency gained an impetus, expanding its restoration after a recent rollback, as a result of which its price sank briefly to a local minimum of $ 508.5.
The rally of the previous day nominated BNB from $ 544.9 in the daily to $ 575.1. The bullstic pulse continues when the BNB price rises at the beginning of Thursday. Altcoin is traded for $ 581.4 at the time of writing, which is 2.29% more than the closing price on Wednesday. The total BNB win after the announcement over the past 24 hours amounted to 6.81%, according to TradingView.
What does this mean for BNB holders
Although most cryptocurrencies expect the abolition of a wholesale trend to participate in the expected crypto market, the adoption movements, as can be seen from the last MGX and BINANCE PARTNERSHIP, can cause isolated rallies.
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It is important to note that the recovery to Wednesday sent BNB, which goes out above the critical resistance of 560 US dollars, switching the zone to a hard level of support, which can affect the price of cryptoodones.
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