CandleFocus Japan's Third-Richest Person Just Gave Bitcoin 'Huge Endorsement'
2025-01-31
Author: Content Editor
SoftBank Group has invested $50 million in Cipher Mining, a Bitcoin mining company. This investment is seen as a significant endorsement of the Bitcoin/AI model by SoftBank's CEO, Masayoshi Son. Son, who initially invested in Bitcoin during the 2017 bubble and suffered significant losses, still has a net worth of $31.3 billion. SoftBank is also preparing to invest $25 billion in OpenAI and is part of the $100 billion AI project called Stargate.
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