SoftBank founder hesitant on Bitcoin but says it ‘can’t be ignored’
SoftBank’s Masayoshi Son compares the popularity of Bitcoin to diamonds and bonds, but he still remains unsure about it. Tesla’s tag game with Bitcoin (BTC) might have triggered a race in the corporate world to invest in crypto, however, SoftBank still prefers to take a more cautious approach. Answering questions at SoftBank’s earnings news conference, SoftBank CEO Masayoshi Son admitted that he doesn’t know whethe crypto is good or bad.“There’s a lot of discussion over if it’s a good thing or a bad thing, what’s the true value or is it in a bubble — honestly speaking, I don’t know,” Son....
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Softbank and Saudi Arabia have partnered to launch a $100 bln technology investment fund, which will focus on emerging tech firms and unorthodox markets outside the realm of common investments such as oil and real estate. Both Softbank and Saudi Arabia’s Public Investment Fund (PIF) have agreed to provide $25 bln and $45 bln respectively to the Softbank Vision Fund, while the remaining $30 bln will be invested by an undisclosed group of investors. Masayoshi Son, Chairman & CEO of Softbank stated: “With the establishment of the Softbank Vision Fund, we will be able to step up....
The multinational conglomerate holding company headquartered in Tokyo, Softbank operates a Latin America Fund that invests in startups focused on identification technology, e-commerce, education, fintech and now cryptocurrency solutions. The Softbank Latin America Fund revealed on Thursday that it invested $200 million in the crypto-asset exchange Mercado Bitcoin. Mercado Bitcoin’s $200M Capital Raise: Softbank Funds One of the largest Series B funding rounds in LATM The Softbank Latin America Fund has invested in Mercado Bitcoin’s parent company 2TM Group. The announcement....
Speaking at the Bitcoin Miami Conference 2022, former SoftBank CEO Marcelo Claure announced the allocation of 10% of its wealth into crypto. Specifically, the former SoftBank executive will put a portion of his capital into BTC as a hedge against inflation. Related Reading | Bitcoin 2022 Conference, Industry Day: Bukele Steps Down, Tennessee Titans & More […]
Digital Currency Group (DCG), a Manhattan-based, crypto-focused VC conglomerate, has reached a $10 billion dollar valuation in a secondary sale where existing investors sold part of their shares to new ones. The funding round was led by Softbank and also included participation from Capitalg, Google’s investment firm. $700 million worth of shares changed hands via the sale.
Digital Currency Group Sells $700 Million in Secondary Sale Round
Digital Currency Group (DCG), a crypto-focused company, announced a secondary sale where existing investors sold part of their shares to....
JAPAN, January 6 — SoftBank, the 62nd largest company in the world and Japan’s biggest internet and telecommunications corporation has co-launched a decentralized blockchain development contest for entrepreneurs and startups with Topcoder. The company is seeking for a basic prototype of an international fund-raising platform with a greater level of transparency. Contestants will have three months, from January 6 to March 31 to design a decentralized and blockchain-based unalterable record-keeping application which could be implemented in cross-industry platforms. Smart contracts made by....