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- BNB gained 56% in Q3, its strongest quarter since early 2024.
- Kazakhstan’s Alem Fund became the first state-backed entity to buy BNB.
- BSC activity surged, reinforcing BNB’s institutional appeal.
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Binance Coin (BNB) is entering Q4 on a strong footing after delivering its best quarter since early 2024. With a 56% gain in Q3 and nearly 15% growth in September alone, BNB has outpaced most major altcoins. Now, a state-backed move from Kazakhstan could add a new layer of momentum.
Kazakhstan’s First State-Backed Crypto Fund Chooses BNB
In a groundbreaking step, Kazakhstan’s Alem Crypto Fund announced its first official investment—purchasing BNB directly. The fund operates under the Ministry of Artificial Intelligence and Digital Development, making this the first government-backed crypto acquisition of its kind.
Alem emphasized its partnership with Binance Kazakhstan, which is fully licensed in the country, underlining BNB’s role as more than just a speculative asset. This positions BNB as part of Kazakhstan’s strategy to build digital reserves and strengthen its blockchain infrastructure.
Strategic Long-Term Vision
Unlike institutional players such as CEA Industries, which accumulated BNB for portfolio exposure, Kazakhstan’s approach signals a deeper commitment. Deputy Prime Minister Zhaslan Madiyev described Alem as “a reliable instrument for major investors and a key foundation for digital state reserves.”
This move reflects not just an investment in price appreciation but a long-term bet on the BNB Chain (BSC) ecosystem and its capacity to support national-scale applications.
Also Read: Binance Coin (BNB) Price Hits $1,079 All-Time High, Targets $1,187 Next
BSC On-Chain Growth Reinforces Momentum
BNB’s fundamentals back Kazakhstan’s decision. On-chain activity on BSC surged to $18 million in daily transactions on September 25, its highest level since 2023. This strengthens BSC’s reputation as a fast, efficient Layer-1 blockchain with growing real-world adoption.
Kazakhstan’s entry into the coin marks a turning point for both the token and the Binance Smart Chain. More than a simple buy, it signals institutional and government recognition of BNB’s strategic value. With Q4 just beginning, this move could set the stage for broader adoption and sustained strength in the months ahead.
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Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
