A State-Backed Crypto Fund Just Made Its First Buy — and It Wasn’t Bitcoin

A State-Backed Crypto Fund Just Made Its First Buy — and It Wasn’t Bitcoin

Cointelegraph
CointelegraphOct 13, 2025

Summary

A sovereign crypto fund surprised markets by making its first investment in BNB, rather than Bitcoin. This is a big, bold move in Kazakhstan’s strategy.

A state-backed crypto fund just made its first buy — and it wasn’t Bitcoin

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