{"id":23647,"date":"2025-04-24T19:02:37","date_gmt":"2025-04-24T19:02:37","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=23647"},"modified":"2025-04-24T19:02:37","modified_gmt":"2025-04-24T19:02:37","slug":"softbank-is-buying-bitcoin-again-after-130m-loss-in-2018-is-this-time-different","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=23647","title":{"rendered":"SoftBank Is Buying Bitcoin Again, After $130M Loss in 2018. Is This Time Different?"},"content":{"rendered":"
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Japanese investment giant SoftBank is dipping its toes back into crypto by backing a new bitcoin (BTC) investment vehicle, Twenty One Capital, in conjunction with Tether, Bitfinex, and Cantor Fitzgerald.<\/p>\n

For some, the SoftBank Group\u2014which has $308.7 billion assets under management\u2014taking an interest in bitcoin is a welcome development and another sign of mounting institutional crypto adoption. After all, SoftBank functions<\/a> more or less like a Japanese sovereign wealth fund, according to Jeff Park, head of alpha strategies at Bitwise.<\/p>\n

But for seasoned observers, it could be more of a d\u00e9j\u00e0-vu than a breakthrough.<\/p>\n

Flashback to 2019, SoftBank made headlines when its founder, Masayoshi Son, took a gigantic loss on a personal bitcoin investment.<\/p>\n

Son had taken exposure to cryptocurrency in late 2017, when the ICO mania was at its peak and bitcoin was trading at an all-time high of around $20,000.<\/p>\n

With bitcoin now trading at $93,000, Son\u2019s investment would have been very profitable had he held on. But he sold in early 2018 as bitcoin began to crash, resulting in a $130 million loss<\/a>, according to the Wall Street Journal.<\/p>\n

So the question investors could be asking themselves now is, would this time be different? <\/p>\n

To find a clue, let’s take Oracle (ORCL) stock as an example. Recently, U.S. President Donald Trump announced that SoftBank would be part of a $100 billion push to build AI infrastructure in the U.S. in conjunction with OpenAI and Oracle (ORCL). <\/p>\n

One would say this is a bullish outcome for ORCL stock. However, since the announcement was made on Jan. 22, coinciding with ORCL topping at $188 per share, the stock fell 28%, while the Nasdaq has gone down 12% in the same period of time.<\/p>\n

Other outside factors, including macro headwinds and geopolitical tension, could explain the underperformance. It could also be just a plain coincidence. However, one analyst tied this Oracle selloff to Softbank’s involvement in the AI infrastructure project.<\/p>\n

\u201cWhen SoftBank enters an asset you own, you sell. I don’t make the rules,\u201d Quinn Thompson, founder of crypto hedge fund Lekker Capital, wrote in a post<\/a> on X, citing the Oracle pullback.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Japanese investment giant SoftBank is dipping its toes back into crypto by backing a new bitcoin (BTC) investment vehicle, Twenty One Capital, in conjunction with Tether, Bitfinex, and Cantor Fitzgerald. For some, the SoftBank Group\u2014which has $308.7 billion assets under management\u2014taking an interest in bitcoin is a welcome development and another sign of mounting institutional […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":1,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-23647","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/23647","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=23647"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/23647\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=23647"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=23647"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=23647"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}