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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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        <a rel="nofollow" target="_blank" class="btn btn--light hot__btn" href="/hot-stories" title="Go to Hot stories"> </a>
    
    
        <a href="https://u.today/xrp-lands-in-times-square-bitcoin-bull-dalio-sees-dollar-crisis-ahead-617-for-dogecoin-in" class="hot__col">
    XRP Lands in Times Square, Bitcoin Bull Dalio Sees Dollar Crisis Ahead, 617% for Dogecoin in Liquidation Imbalance — Crypto News Digest
</a>

<a href="https://u.today/bitcoin-collapse-to-10000-could-be-real-per-mike-mcglones-crucial-warning" class="hot__col">
    Bitcoin Collapse to $10,000 Could Be Real, per Mike McGlone&#039;s Crucial Warning
</a>

<a href="https://u.today/are-saylor-and-bitcoin-strategy-cooked-legendary-trader-brandt-reveals-not-so-bullish-outlook" class="hot__col">
    Are Saylor and Bitcoin Strategy &#039;Cooked&#039;? Legendary Trader Brandt Reveals Not-So-Bullish Outlook
</a>

<a href="https://u.today/ripple-cto-torches-litecoin-influencer-over-xrp-attack" class="hot__col">
    Ripple CTO Torches Litecoin Influencer Over XRP Attack
</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;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: 1242)
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Twig\Template->render(Array, Array) (Line: 40)
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twig_render_template('themes/cryptod/templates/field--body.html.twig', Array) (Line: 372)
Drupal\Core\Theme\ThemeManager->render('field', Array) (Line: 436)
Drupal\Core\Render\Renderer->doRender(Array, ) (Line: 204)
Drupal\Core\Render\Renderer->render(Array) (Line: 474)
Drupal\Core\Template\TwigExtension->escapeFilter(Object, Array, 'html', NULL, 1) (Line: 1021)
__TwigTemplate_625426e732c5f7a66fde6d628d98a6b2->doDisplay(Array, Array) (Line: 394)
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Drupal\Core\StackMiddleware\ReverseProxyMiddleware->handle(Object, 1, 1) (Line: 51)
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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;
    
        HOT Stories
        <a rel="nofollow" target="_blank" class="btn btn--light hot__btn" href="/hot-stories" title="Go to Hot stories"> </a>
    
    
        <a href="https://u.today/xrp-lands-in-times-square-bitcoin-bull-dalio-sees-dollar-crisis-ahead-617-for-dogecoin-in" class="hot__col">
    XRP Lands in Times Square, Bitcoin Bull Dalio Sees Dollar Crisis Ahead, 617% for Dogecoin in Liquidation Imbalance — Crypto News Digest
</a>

<a href="https://u.today/bitcoin-collapse-to-10000-could-be-real-per-mike-mcglones-crucial-warning" class="hot__col">
    Bitcoin Collapse to $10,000 Could Be Real, per Mike McGlone&#039;s Crucial Warning
</a>

<a href="https://u.today/are-saylor-and-bitcoin-strategy-cooked-legendary-trader-brandt-reveals-not-so-bullish-outlook" class="hot__col">
    Are Saylor and Bitcoin Strategy &#039;Cooked&#039;? Legendary Trader Brandt Reveals Not-So-Bullish Outlook
</a>

<a href="https://u.today/ripple-cto-torches-litecoin-influencer-over-xrp-attack" class="hot__col">
    Ripple CTO Torches Litecoin Influencer Over XRP Attack
</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;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: 1242)
Drupal\cryptocompare\TwigExtension\RemoveSpace->formatbody(Array) (Line: 54)
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Twig\Template->display(Array) (Line: 379)
Twig\Template->render(Array, Array) (Line: 40)
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Drupal\Core\Theme\ThemeManager->render('field', Array) (Line: 436)
Drupal\Core\Render\Renderer->doRender(Array, ) (Line: 204)
Drupal\Core\Render\Renderer->render(Array) (Line: 474)
Drupal\Core\Template\TwigExtension->escapeFilter(Object, Array, 'html', NULL, 1) (Line: 1021)
__TwigTemplate_625426e732c5f7a66fde6d628d98a6b2->doDisplay(Array, Array) (Line: 394)
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Drupal\Core\Render\Renderer->render(Array, ) (Line: 238)
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Drupal\Core\Render\Renderer->executeInRenderContext(Object, Object) (Line: 239)
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Drupal\Core\EventSubscriber\MainContentViewSubscriber->onViewRenderArray(Object, 'kernel.view', Object)
call_user_func(Array, Object, 'kernel.view', Object) (Line: 111)
Drupal\Component\EventDispatcher\ContainerAwareEventDispatcher->dispatch(Object, 'kernel.view') (Line: 187)
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Drupal\Core\StackMiddleware\KernelPreHandle->handle(Object, 1, 1) (Line: 191)
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Drupal\Core\StackMiddleware\ReverseProxyMiddleware->handle(Object, 1, 1) (Line: 51)
Drupal\Core\StackMiddleware\NegotiationMiddleware->handle(Object, 1, 1) (Line: 51)
Drupal\Core\StackMiddleware\StackedHttpKernel->handle(Object, 1, 1) (Line: 704)
Drupal\Core\DrupalKernel->handle(Object) (Line: 18)
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      Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard('
                    <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;
    
        HOT Stories
        <a rel="nofollow" target="_blank" class="btn btn--light hot__btn" href="/hot-stories" title="Go to Hot stories"> </a>
    
    
        <a href="https://u.today/xrp-lands-in-times-square-bitcoin-bull-dalio-sees-dollar-crisis-ahead-617-for-dogecoin-in" class="hot__col">
    XRP Lands in Times Square, Bitcoin Bull Dalio Sees Dollar Crisis Ahead, 617% for Dogecoin in Liquidation Imbalance — Crypto News Digest
</a>

<a href="https://u.today/bitcoin-collapse-to-10000-could-be-real-per-mike-mcglones-crucial-warning" class="hot__col">
    Bitcoin Collapse to $10,000 Could Be Real, per Mike McGlone&#039;s Crucial Warning
</a>

<a href="https://u.today/are-saylor-and-bitcoin-strategy-cooked-legendary-trader-brandt-reveals-not-so-bullish-outlook" class="hot__col">
    Are Saylor and Bitcoin Strategy &#039;Cooked&#039;? Legendary Trader Brandt Reveals Not-So-Bullish Outlook
</a>

<a href="https://u.today/ripple-cto-torches-litecoin-influencer-over-xrp-attack" class="hot__col">
    Ripple CTO Torches Litecoin Influencer Over XRP Attack
</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;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: 1242)
Drupal\cryptocompare\TwigExtension\RemoveSpace->formatbody(Array) (Line: 54)
__TwigTemplate_75845256f703f5319a38e035b4af7dd9->doDisplay(Array, Array) (Line: 394)
Twig\Template->displayWithErrorHandling(Array, Array) (Line: 367)
Twig\Template->display(Array) (Line: 379)
Twig\Template->render(Array, Array) (Line: 40)
Twig\TemplateWrapper->render(Array) (Line: 53)
twig_render_template('themes/cryptod/templates/field--body.html.twig', Array) (Line: 372)
Drupal\Core\Theme\ThemeManager->render('field', Array) (Line: 436)
Drupal\Core\Render\Renderer->doRender(Array, ) (Line: 204)
Drupal\Core\Render\Renderer->render(Array) (Line: 474)
Drupal\Core\Template\TwigExtension->escapeFilter(Object, Array, 'html', NULL, 1) (Line: 1021)
__TwigTemplate_625426e732c5f7a66fde6d628d98a6b2->doDisplay(Array, Array) (Line: 394)
Twig\Template->displayWithErrorHandling(Array, Array) (Line: 367)
Twig\Template->display(Array) (Line: 62)
__TwigTemplate_e934e56c1e459c359b150360c7169113->doDisplay(Array, Array) (Line: 394)
Twig\Template->displayWithErrorHandling(Array, Array) (Line: 367)
Twig\Template->display(Array) (Line: 379)
Twig\Template->render(Array, Array) (Line: 40)
Twig\TemplateWrapper->render(Array) (Line: 53)
twig_render_template('themes/cryptod/templates/node.html.twig', Array) (Line: 372)
Drupal\Core\Theme\ThemeManager->render('node', Array) (Line: 436)
Drupal\Core\Render\Renderer->doRender(Array, ) (Line: 204)
Drupal\Core\Render\Renderer->render(Array, ) (Line: 238)
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Drupal\Core\Render\Renderer->executeInRenderContext(Object, Object) (Line: 239)
Drupal\Core\Render\MainContent\HtmlRenderer->prepare(Array, Object, Object) (Line: 128)
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call_user_func(Array, Object, 'kernel.view', Object) (Line: 111)
Drupal\Component\EventDispatcher\ContainerAwareEventDispatcher->dispatch(Object, 'kernel.view') (Line: 187)
Symfony\Component\HttpKernel\HttpKernel->handleRaw(Object, 1) (Line: 76)
Symfony\Component\HttpKernel\HttpKernel->handle(Object, 1, 1) (Line: 58)
Drupal\Core\StackMiddleware\Session->handle(Object, 1, 1) (Line: 48)
Drupal\Core\StackMiddleware\KernelPreHandle->handle(Object, 1, 1) (Line: 191)
Drupal\page_cache\StackMiddleware\PageCache->fetch(Object, 1, 1) (Line: 128)
Drupal\page_cache\StackMiddleware\PageCache->lookup(Object, 1, 1) (Line: 82)
Drupal\page_cache\StackMiddleware\PageCache->handle(Object, 1, 1) (Line: 48)
Drupal\Core\StackMiddleware\ReverseProxyMiddleware->handle(Object, 1, 1) (Line: 51)
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Drupal\Core\DrupalKernel->handle(Object) (Line: 18)
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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;
    
        HOT Stories
        <a rel="nofollow" target="_blank" class="btn btn--light hot__btn" href="/hot-stories" title="Go to Hot stories"> </a>
    
    
        <a href="https://u.today/xrp-lands-in-times-square-bitcoin-bull-dalio-sees-dollar-crisis-ahead-617-for-dogecoin-in" class="hot__col">
    XRP Lands in Times Square, Bitcoin Bull Dalio Sees Dollar Crisis Ahead, 617% for Dogecoin in Liquidation Imbalance — Crypto News Digest
</a>

<a href="https://u.today/bitcoin-collapse-to-10000-could-be-real-per-mike-mcglones-crucial-warning" class="hot__col">
    Bitcoin Collapse to $10,000 Could Be Real, per Mike McGlone&#039;s Crucial Warning
</a>

<a href="https://u.today/are-saylor-and-bitcoin-strategy-cooked-legendary-trader-brandt-reveals-not-so-bullish-outlook" class="hot__col">
    Are Saylor and Bitcoin Strategy &#039;Cooked&#039;? Legendary Trader Brandt Reveals Not-So-Bullish Outlook
</a>

<a href="https://u.today/ripple-cto-torches-litecoin-influencer-over-xrp-attack" class="hot__col">
    Ripple CTO Torches Litecoin Influencer Over XRP Attack
</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;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: 1242)
Drupal\cryptocompare\TwigExtension\RemoveSpace->formatbody(Array) (Line: 54)
__TwigTemplate_75845256f703f5319a38e035b4af7dd9->doDisplay(Array, Array) (Line: 394)
Twig\Template->displayWithErrorHandling(Array, Array) (Line: 367)
Twig\Template->display(Array) (Line: 379)
Twig\Template->render(Array, Array) (Line: 40)
Twig\TemplateWrapper->render(Array) (Line: 53)
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Drupal\Core\Theme\ThemeManager->render('field', Array) (Line: 436)
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Drupal\Core\Render\Renderer->render(Array) (Line: 474)
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call_user_func(Array, Object, 'kernel.view', Object) (Line: 111)
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Drupal\Core\StackMiddleware\KernelPreHandle->handle(Object, 1, 1) (Line: 191)
Drupal\page_cache\StackMiddleware\PageCache->fetch(Object, 1, 1) (Line: 128)
Drupal\page_cache\StackMiddleware\PageCache->lookup(Object, 1, 1) (Line: 82)
Drupal\page_cache\StackMiddleware\PageCache->handle(Object, 1, 1) (Line: 48)
Drupal\Core\StackMiddleware\ReverseProxyMiddleware->handle(Object, 1, 1) (Line: 51)
Drupal\Core\StackMiddleware\NegotiationMiddleware->handle(Object, 1, 1) (Line: 51)
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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;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: 1242)
Drupal\cryptocompare\TwigExtension\RemoveSpace->formatbody(Array) (Line: 54)
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Twig\Template->displayWithErrorHandling(Array, Array) (Line: 367)
Twig\Template->display(Array) (Line: 379)
Twig\Template->render(Array, Array) (Line: 40)
Twig\TemplateWrapper->render(Array) (Line: 53)
twig_render_template('themes/cryptod/templates/field--body.html.twig', Array) (Line: 372)
Drupal\Core\Theme\ThemeManager->render('field', Array) (Line: 436)
Drupal\Core\Render\Renderer->doRender(Array, ) (Line: 204)
Drupal\Core\Render\Renderer->render(Array) (Line: 474)
Drupal\Core\Template\TwigExtension->escapeFilter(Object, Array, 'html', NULL, 1) (Line: 1021)
__TwigTemplate_625426e732c5f7a66fde6d628d98a6b2->doDisplay(Array, Array) (Line: 394)
Twig\Template->displayWithErrorHandling(Array, Array) (Line: 367)
Twig\Template->display(Array) (Line: 62)
__TwigTemplate_e934e56c1e459c359b150360c7169113->doDisplay(Array, Array) (Line: 394)
Twig\Template->displayWithErrorHandling(Array, Array) (Line: 367)
Twig\Template->display(Array) (Line: 379)
Twig\Template->render(Array, Array) (Line: 40)
Twig\TemplateWrapper->render(Array) (Line: 53)
twig_render_template('themes/cryptod/templates/node.html.twig', Array) (Line: 372)
Drupal\Core\Theme\ThemeManager->render('node', Array) (Line: 436)
Drupal\Core\Render\Renderer->doRender(Array, ) (Line: 204)
Drupal\Core\Render\Renderer->render(Array, ) (Line: 238)
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Drupal\Core\Render\Renderer->executeInRenderContext(Object, Object) (Line: 239)
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Drupal\Core\StackMiddleware\ReverseProxyMiddleware->handle(Object, 1, 1) (Line: 51)
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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 Lands in Times Square, Bitcoin Bull Dalio Sees Dollar Crisis Ahead, 617% for Dogecoin in Liquidation Imbalance — Crypto News Digest
</a>

<a href="https://u.today/bitcoin-collapse-to-10000-could-be-real-per-mike-mcglones-crucial-warning" class="hot__col">
    Bitcoin Collapse to $10,000 Could Be Real, per Mike McGlone&#039;s Crucial Warning
</a>

<a href="https://u.today/are-saylor-and-bitcoin-strategy-cooked-legendary-trader-brandt-reveals-not-so-bullish-outlook" class="hot__col">
    Are Saylor and Bitcoin Strategy &#039;Cooked&#039;? Legendary Trader Brandt Reveals Not-So-Bullish Outlook
</a>

<a href="https://u.today/ripple-cto-torches-litecoin-influencer-over-xrp-attack" class="hot__col">
    Ripple CTO Torches Litecoin Influencer Over XRP Attack
</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;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: 1242)
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Drupal\Core\StackMiddleware\StackedHttpKernel->handle(Object, 1, 1) (Line: 704)
Drupal\Core\DrupalKernel->handle(Object) (Line: 18)

    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. 

    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
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