Monat: März 2025

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Binance secures $2b investment from Abu Dhabi sovereign wealth fund MGX

  • Binance has scored a massive $2 billion investment from MGX, an Abu Dhabi-based sovereign wealth fund.
  • The investment is Binance’s first institutional deal since Changpeng Zhao founded it in 2017.

Binance, the world’s largest crypto exchange by trade volume, has secured a $2 billion investment from MGX, an Abu Dhabi-based sovereign wealth fund.

Announced on March 12, 2025, the deal sees MGX take a minority stake in Binance.

The investment is Abu Dhabi-based MGX’s single largest splash on a crypto company. It’s also the first institutional investment Binance has sealed since its founding in 2017.

What they said

In a comment, Binance chief executive officer Richard Teng said:

“This investment by MGX is a significant milestone for the crypto industry and for Binance. Together, we are shaping the future of digital finance. Our goal is to build a more inclusive and sustainable ecosystem, with a strong focus on compliance, security, and user protection. Binance remains committed to working with regulators worldwide to establish transparent, responsible, and forward-thinking policies for the crypto industry. Our ongoing investments in security and compliance reinforce our mission to foster a secure and trusted digital financial ecosystem.”

MGX’s investment in Binance comes a few weeks after the exchange’s founder and former CEO Changpeng Zhao said Binance was not for sale.

CZ however noted that the crypto behemoth was open to investment opportunities amid the quest for further growth. Zhao shared the latest development via X.

Commenting on the investment, MGX’s managing director and CEO Ahmed Yahia, stated:

“MGX’s investment in Binance reflects our commitment to advancing blockchain’s transformative potential for digital finance. As institutional adoption accelerates, the need for secure, compliant, and scalable blockchain infrastructure and solutions has never been greater. Binance has long been a driving force in cryptocurrency innovation, from exchange technology and tokenization to staking and payments.”

Binance has continued to grow despite the regulatory hurdles that saw it pay $4.3 billion to settle with US authories in 2023. The former CEO Zhao also had to step down, eventually serving a four-month prison sentence.

The post Binance secures $2b investment from Abu Dhabi sovereign wealth fund MGX appeared first on CoinJournal.

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Nasdaq-listed video-sharing platform Rumble invests $17.1M in Bitcoin (BTC)

  • Rumble bought 188 Bitcoin (BTC) for $17.1M, nearing its $20M goal.
  • Rumble’s CEO sees BTC as an inflation hedge and crypto tie-in.
  • Future Rumble BTC purchases depend on market and cash flow conditions.

Rumble, a Nasdaq-listed video-sharing platform and cloud services provider trading under the ticker RUM, has purchased $17.1 million worth of Bitcoin (BTC).

Rumble acquired approximately 188 BTC at an average price of $91,000 per coin, aligning with its previously disclosed plan to diversify its corporate treasury.

The purchase is part of a broader treasury strategy outlined late last year, when Rumble revealed intentions to allocate up to $20 million of its cash reserves to Bitcoin. With this transaction, the company has nearly reached that cap, spending $17.1 million to bolster its holdings.

CEO Chris Pavlovski emphasized the strategic value of the move in a press release shared with media houses, noting that Bitcoin serves as a hedge against inflation and remains immune to the dilution that plagues many government-issued currencies.

For a company positioning itself as a key player in both video content and cloud services, this investment underscores a deliberate push into the crypto ecosystem.

Rumble’s forays into crypto

Rumble’s leadership views Bitcoin not just as a financial asset but as a cornerstone of its identity within the crypto community.

Pavlovski highlighted the company’s excitement about officially holding BTC, suggesting it strengthens Rumble’s appeal as a platform for crypto enthusiasts. This sentiment builds on a $775 Million Strategic Investment from Tether, the leading stablecoin issuer, further solidifying its ties to the cryptocurrency industry.

The BTC purchase, therefore, is less a standalone decision and more a continuation of Rumble’s evolving relationship with digital assets.

Rumble’s journey into Bitcoin comes with a clear acknowledgment of the risks involved, as outlined in its forward-looking statements. The company cautioned that its actual results could differ from expectations due to Bitcoin’s price swings, regulatory hurdles, and its ability to sustain growth in a crowded market.

Additional concerns include cybersecurity threats, reliance on third-party vendors for core services, and the challenge of maintaining advertiser relationships—issues that could complicate its ambitions. Despite these uncertainties, Rumble remains committed to its vision of weaving cryptocurrency into its operational DNA.

Founded with a mission to counter the dominance of Big Tech by offering an independent infrastructure, Rumble sees its Bitcoin (BTC) investment as a natural extension of its ethos. The company, which also launched Rumble Cloud to diversify its offerings, is betting that embracing decentralized assets like BTC will resonate with its user base and bolster its financial resilience.

As Pavlovski put it, this is about more than just treasury management—it’s about ingraining crypto into the company’s future.

Whether this gamble pays off will depend on both Bitcoin’s trajectory and Rumble’s ability to navigate the unpredictable waters of tech and finance.

The post Nasdaq-listed video-sharing platform Rumble invests $17.1M in Bitcoin (BTC) appeared first on CoinJournal.