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                    <ul class="article__contents-list"><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h262167">$160 million Bitcoin loss </a></li><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h362167">Softbank's AI bet </a></li></ul>
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SoftBank Group has made a $50 million <a rel="nofollow" target="_blank" href="https://www.globenewswire.com/news-release/2025/01/30/3018432/0/en/Cipher-Mining-Announces-50-Million-PIPE-Investment-from-SoftBank-Group.html">investment</a> into industrial-scale Bitcoin mining company Cipher Mining.&nbsp;Matthew Sigel, head of digital asset research at VanEck, has opined that this is a "huge endorsement" for the diversified Bitcoin/AI model from SoftBank Group CEO Masayoshi Son.&nbsp;&nbsp;"Further evidence that Bitcoin is emerging as the hurdle rate for innovators," he said.&nbsp;Cipher CEO Tyler Page said that the company was thrilled to welcome the Japanese financial giant as an investor.&nbsp;
    
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$160 million Bitcoin loss&nbsp;Son, the third-richest Japanese person, initially invested in Bitcoin at the peak of the 2017 bubble. As&nbsp;<a href="https://u.today/billionaire-softbank-founder-reveals-why-he-got-out-of-bitcoin">reported by U.Today</a>, he ended up losing as much as $160 million after deciding to sell his Bitcoin holdings at a huge loss due to viewing it as a distraction.
    Advertisement
    
        
    
    
        
                
            
                                                

                                    
    

        
        
                
            
                                                

                                    
    

        
    
Obviously, the disastrous Bitcoin bet hardly made a dent in his massive net worth, which currently stands at a whopping $31.3 billion.&nbsp;<a href="https://u.today/ripple-partner-softbank-leads-800-million-funding-round-for-xrp-friendly-revolut-digital-bank-0">card</a>In 2020, he&nbsp;<a href="https://u.today/billionaire-softbank-founder-reveals-why-he-got-out-of-bitcoin">predicted</a> that digital currencies would be "useful," but he stopped short of singling out a single token.&nbsp;
    Advertisement
    
        
    
    
        
                
            
                                                


                                    
    

        
        
                
            
                                                

                                    
    

        
    
Softbank's AI bet&nbsp;Earlier this week, it was reported that SoftBank was preparing to make a staggering $25 billion million investment in OpenAI. The terms of the investment are yet to be fleshed out, according to the New York Times.&nbsp;The Japanese behemoth is also part of the $100 billion AI project called Stargate, which was announced in partnership with OpenAI, Oracle, and other major names.') (Line: 1262)
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                    <ul class="article__contents-list"><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h262167">$160 million Bitcoin loss </a></li><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h362167">Softbank's AI bet </a></li></ul>
    Advertisement
    
        
    
   
        
                
            
                            

                    
    

        
        
                
            
                            

                    
    

        
    
SoftBank Group has made a $50 million <a rel="nofollow" target="_blank" href="https://www.globenewswire.com/news-release/2025/01/30/3018432/0/en/Cipher-Mining-Announces-50-Million-PIPE-Investment-from-SoftBank-Group.html">investment</a> into industrial-scale Bitcoin mining company Cipher Mining.&nbsp;Matthew Sigel, head of digital asset research at VanEck, has opined that this is a "huge endorsement" for the diversified Bitcoin/AI model from SoftBank Group CEO Masayoshi Son.&nbsp;&nbsp;"Further evidence that Bitcoin is emerging as the hurdle rate for innovators," he said.&nbsp;Cipher CEO Tyler Page said that the company was thrilled to welcome the Japanese financial giant as an investor.&nbsp;
    
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    XRP Faces Brutal 11,348%  Liquidation Imbalance: What Just Happened?
</a>


    
$160 million Bitcoin loss&nbsp;Son, the third-richest Japanese person, initially invested in Bitcoin at the peak of the 2017 bubble. As&nbsp;<a href="https://u.today/billionaire-softbank-founder-reveals-why-he-got-out-of-bitcoin">reported by U.Today</a>, he ended up losing as much as $160 million after deciding to sell his Bitcoin holdings at a huge loss due to viewing it as a distraction.
    Advertisement
    
        
    
    
        
                
            
                                                

                                    
    

        
        
                
            
                                                

                                    
    

        
    
Obviously, the disastrous Bitcoin bet hardly made a dent in his massive net worth, which currently stands at a whopping $31.3 billion.&nbsp;<a href="https://u.today/ripple-partner-softbank-leads-800-million-funding-round-for-xrp-friendly-revolut-digital-bank-0">card</a>In 2020, he&nbsp;<a href="https://u.today/billionaire-softbank-founder-reveals-why-he-got-out-of-bitcoin">predicted</a> that digital currencies would be "useful," but he stopped short of singling out a single token.&nbsp;
    Advertisement
    
        
    
    
        
                
            
                                                


                                    
    

        
        
                
            
                                                

                                    
    

        
    
Softbank's AI bet&nbsp;Earlier this week, it was reported that SoftBank was preparing to make a staggering $25 billion million investment in OpenAI. The terms of the investment are yet to be fleshed out, according to the New York Times.&nbsp;The Japanese behemoth is also part of the $100 billion AI project called Stargate, which was announced in partnership with OpenAI, Oracle, and other major names.') (Line: 1262)
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                    <ul class="article__contents-list"><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h262167">$160 million Bitcoin loss </a></li><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h362167">Softbank's AI bet </a></li></ul>
    Advertisement
    
        
    
   
        
                
            
                            

                    
    

        
        
                
            
                            

                    
    

        
    
SoftBank Group has made a $50 million <a rel="nofollow" target="_blank" href="https://www.globenewswire.com/news-release/2025/01/30/3018432/0/en/Cipher-Mining-Announces-50-Million-PIPE-Investment-from-SoftBank-Group.html">investment</a> into industrial-scale Bitcoin mining company Cipher Mining.&nbsp;Matthew Sigel, head of digital asset research at VanEck, has opined that this is a "huge endorsement" for the diversified Bitcoin/AI model from SoftBank Group CEO Masayoshi Son.&nbsp;&nbsp;"Further evidence that Bitcoin is emerging as the hurdle rate for innovators," he said.&nbsp;Cipher CEO Tyler Page said that the company was thrilled to welcome the Japanese financial giant as an investor.&nbsp;
    
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    U.Today Crypto Digest: XRP Millionaires Awaken, Shiba Inu Buyers Step In, Dogecoin Sees 10,782% Rise in Futures Volume
</a>

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    Scaramucci: ‘Get Ready’ as Bitcoin Firms Against Falling Gold
</a>

<a href="https://u.today/xrp-faces-brutal-11348-liquidation-imbalance-what-just-happened?from=hot-stories" class="hot__col">
    XRP Faces Brutal 11,348%  Liquidation Imbalance: What Just Happened?
</a>


    
$160 million Bitcoin loss&nbsp;Son, the third-richest Japanese person, initially invested in Bitcoin at the peak of the 2017 bubble. As&nbsp;<a href="https://u.today/billionaire-softbank-founder-reveals-why-he-got-out-of-bitcoin">reported by U.Today</a>, he ended up losing as much as $160 million after deciding to sell his Bitcoin holdings at a huge loss due to viewing it as a distraction.
    Advertisement
    
        
    
    
        
                
            
                                                

                                    
    

        
        
                
            
                                                

                                    
    

        
    
Obviously, the disastrous Bitcoin bet hardly made a dent in his massive net worth, which currently stands at a whopping $31.3 billion.&nbsp;<a href="https://u.today/ripple-partner-softbank-leads-800-million-funding-round-for-xrp-friendly-revolut-digital-bank-0">card</a>In 2020, he&nbsp;<a href="https://u.today/billionaire-softbank-founder-reveals-why-he-got-out-of-bitcoin">predicted</a> that digital currencies would be "useful," but he stopped short of singling out a single token.&nbsp;
    Advertisement
    
        
    
    
        
                
            
                                                


                                    
    

        
        
                
            
                                                

                                    
    

        
    
Softbank's AI bet&nbsp;Earlier this week, it was reported that SoftBank was preparing to make a staggering $25 billion million investment in OpenAI. The terms of the investment are yet to be fleshed out, according to the New York Times.&nbsp;The Japanese behemoth is also part of the $100 billion AI project called Stargate, which was announced in partnership with OpenAI, Oracle, and other major names.') (Line: 1262)
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twig_render_template('themes/cryptod/templates/field--body.html.twig', Array) (Line: 372)
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    Japan's Third-Richest Person Just Gave Bitcoin 'Huge Endorsement'

    By Alex Dovbnya
    Fri, 31/01/2025 - 15:59
    Masayoshi Son has made major investment in cryptocurrency mining company after previously losing $160 million with his failed Bitcoin bet
    Advertisement
    Japan's Third-Richest Person Just Gave Bitcoin 'Huge Endorsement'
    Cover image via www.freepik.com
    Read U.TODAY on
    Google News
    Advertisement

    SoftBank Group has made a $50 million investment into industrial-scale Bitcoin mining company Cipher Mining. 

    Matthew Sigel, head of digital asset research at VanEck, has opined that this is a "huge endorsement" for the diversified Bitcoin/AI model from SoftBank Group CEO Masayoshi Son.  

    "Further evidence that Bitcoin is emerging as the hurdle rate for innovators," he said. 

    $160 million Bitcoin loss 

    Son, the third-richest Japanese person, initially invested in Bitcoin at the peak of the 2017 bubble. As reported by U.Today, he ended up losing as much as $160 million after deciding to sell his Bitcoin holdings at a huge loss due to viewing it as a distraction.

    Advertisement

    Obviously, the disastrous Bitcoin bet hardly made a dent in his massive net worth, which currently stands at a whopping $31.3 billion. 

    You Might Also Like
    Title news
    Thu, 07/15/2021 - 13:41
    Ripple Partner SoftBank Leads $800 Million Funding Round for XRP-Friendly Revolut Digital Bank
    By

    In 2020, he predicted that digital currencies would be "useful," but he stopped short of singling out a single token. 

    Advertisement

    Softbank's AI bet 

    Earlier this week, it was reported that SoftBank was preparing to make a staggering $25 billion million investment in OpenAI. The terms of the investment are yet to be fleshed out, according to the New York Times. 

    The Japanese behemoth is also part of the $100 billion AI project called Stargate, which was announced in partnership with OpenAI, Oracle, and other major names.

    #Bitcoin News #OpenAI
    Advertisement

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