Confirmed ✅️
>Jack Mallers as CEO
>42k Bitcoin stack will be 3rd largest BTC corporate treasury

🚨 SoftBank to Join Tether, Bitfinex, and Cantor to launch 21 Capital, seeded with $3B in Bitcoin and set to go public via SPAC: FT
SoftBank will contribute $900M to buy BTC @ $85k, with Tether in for $1.5B and Bitfinex $600M.
Masayoshi Son's biggest Bitcoin bet yet.
In 2017, Softbank's Son personally bought ~$200M of Bitcoin near the top, then sold months later, reportedly losing over $130M.
Earlier this year, SoftBank invested $50M in Cipher Mining, acquiring approximately 10.4 million shares (3%) to support HPC data center development and entering into a month exclusive negotiation for data center space which was never completed.
This time, it looks like the bet from one of big tech's most infamous risk takers can't be unwound so easily.

105.21K
591
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.