Binance, the world’s biggest cryptocurrency exchange, is making a $200 million strategic investment in Forbes, the 104-year old magazine and digital publisher, CNBC has learned.

The funds will help Forbes execute on its plan to merge with a publicly-traded special purpose acquisition company, or SPAC, in the first quarter, according to people with knowledge of the deal.

Binance will replace half of the $400 million in commitments from institutional investors announced earlier, making it one of the top two biggest owners of Forbes after its listing, the people said.