SoftBank Invests in New Bitcoin Vehicle After Previous $130M Loss

SoftBank is investing in a new bitcoin investment vehicle called Twenty One Capital, partnering with Tether, Bitfinex, and Cantor Fitzgerald. This move signals increased institutional interest in cryptocurrency.

SoftBank manages $308.7 billion in assets.
In 2019, founder Masayoshi Son reported a $130 million loss on a personal bitcoin investment made during the 2017 ICO boom.
Bitcoin is currently priced at $93,000, significantly higher than when Son sold his holdings in early 2018.
Concerns remain whether SoftBank's renewed interest will yield different results this time.
SoftBank's past involvement with Oracle (ORCL) led to a 28% drop in its stock following a bullish announcement about AI infrastructure projects.
Analysts suggest a pattern of selling when SoftBank invests in a related asset.