$BNB BNB Surges 7% After Binance Clinches $2 Billion from Abu Dhabi’s MGX

BNB, Binance’s native token, climbed nearly 7% higher on news after 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 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 boost its support for blockchain’s transformative effect on society.

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

This move gives MGX the opportunity to partner with a leading player in the crypto industry, furthering innovation at the intersection of AI, blockchain technology, and finance.

BNB Price Soars on Investment News

BNB immediately reacted to Wednesday’s announcement, jumping over 5%. The cryptocurrency gained momentum, extending its recovery from a recent pullback that saw its price briefly dip to a $508.5 local low.

The previous day’s rally pushed BNB from a $544.9 daily low to a $575.1 high. The bullish momentum continues, with BNB’s price climbing in early Thursday trading. The altcoin traded for $581.4 at the time of writing, a 2.29% increase from Wednesday’s closing price. BNB’s cumulative gain following the announcement within the past 24 hours was 6.81%, according to data from TradingView.