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SoftBanks $900M Bitcoin Bet Sparks Fears Among Crypto BullsWhats Next?
SoftBank Group has re-entered the Bitcoin arena with a substantial $900 million investment in Twenty One Capital, a newly formed $3.6 billion bitcoin-focused investment vehicle created alongside Cantor Fitzgerald and stablecoin issuer Tether. Launching with over 42,000 bitcoins, Twenty One Capital aims to become one of the largest public corporate holders of Bitcoin, echoing the aggressive accumulation strategies popularized by firms like MicroStrategy. This move marks a significant shift for SoftBank, whose founder Masayoshi Son faced a $130 million loss on Bitcoin in 2018 after exiting too early. Unlike prior solo bets, SoftBanks involvement now comes through a coordinated institutional partnership, signaling renewed confidence and a strategic approach to crypto investment amid Bitcoins recent price rally above $90,000. The initiative not only intensifies institutional participation in cryptocurrency markets but also raises concerns among bullish investors about potential market influence and price volatility. Led by Strike CEO Jack Mallers, Twenty One Capital positions itself as a bitcoin native public company designed to reshape market dynamics and bolster Bitcoin ownership on a global scale, highlighting the growing convergence between traditional finance and digital assets. This strategic re-entry could chart a new course for Bitcoins market narrative in 2025.
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