How SoftBank’s Bitcoin Bet Could Shake the World (or Break a Piggy Bank)

by

Here, in the cold fog of modern fortune’s tempest, a new beast rises: SoftBank, arm in arm with Tether, Bitfinex, and Cantor, gives birth to 21 Capital—a creature fed by a $3 billion feast of Bitcoin. The brood is destined to parade publicly via SPAC, that carnival of illusions.

SoftBank, bold as a gambler drunk on future dreams, throws $900 million into the pot, snatching Bitcoin at a sky-high $85,000. Tether, the sly fox, claims the largest slice—$1.5 billion—because why not own the biggest slice of someone else’s digital pie? 🍰

Matthew Sigel of VanEck, wise in the ways of finance and folly, calls this the grandest dance Masayoshi Son has choreographed with Bitcoin yet. “It looks like Masa’s weaving a dizzying tapestry of Bitcoin, AI, and energy, spinning faster until something breaks—or dazzles,” he muses.

Not long ago, SoftBank flirted timidly with Cipher Mining, tossing in a mere $50 million for a sliver of ownership—like testing the waters with a toe dipped in cold crypto-sea.

But now, this latest plunge threatens to ignite an army of institutional buyers, rushing headlong into digital gold with flames in their eyes and pockets wide open.

Let us not forget that Son, the man behind the curtain, once danced dangerously close to the 2017 Bitcoin summit, investing $200 million only to watch the mountain crumble beneath him.

Yet here he stands, the third-richest man in Japan, ready to dive not with caution, but with reckless courage and a gargantuan purse, into the swirling depths of Bitcoin once more. Will he surf the wave or be swallowed whole? 🍿

Read More

2025-04-23 09:24