Why Did SoftBank Throw $3 Billion Into Bitcoin? The Plot Thickens! 🤯

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In the sprawling drama of finance, a tale unfolds — SoftBank, Tether, Bitfinex, and Cantor have conspired to breathe life into a $3 billion Bitcoin venture, destined to grace the public markets through a SPAC, that curious creature of modern commerce.

When Titans Contribute: Tether’s $1.5 Billion & SoftBank’s $900 Million at $85K per Bitcoin

Observe, as Tether claims the lion’s share of this grand banquet with $1.5 billion, whilst SoftBank, that bold impresario, commits $900 million to a Bitcoin priced at the lofty summit of $85,000. Masayoshi Son, in this masterpiece of speculation, wagers heavily — his most audacious dance with Bitcoin yet, as a certain Matthew Sigel from VanEck might whisper over tea.

“Masa’s crafting a wondrous contraption: a Bitcoin-AI-energy flywheel,” Sigel muses, hinting at a fantastical machine weaving crypto, artificial intelligence, and sustainable energy into a single, spinning web of ambition.

The Grand Strategy: Bitcoin Infrastructure & The Rise of 21 Capital

In league with crypto behemoths owned by a singular parent— iFinex— Bitfinex and Tether lend their shadows to 21 Capital’s quest: to command the realms of Bitcoin liquidity, infrastructure, and energy-drenched blockchain endeavors.

The SPAC, that curious phoenix, will grant wings to this new entity in public markets, empowered by the fame and fortunes of its progenitors. Though its plans remain veiled in mystery, the sheer magnitude of its birth portends ambitions far greater than mere passive custody of digital coins.

SoftBank’s Encore in Crypto Mining

This grand foray is no maiden step; earlier in 2025, SoftBank dipped its toes with a modest $50 million into Cipher Mining, a U.S. miner of Bitcoin, securing a modest 3% stake — just 10.4 million shares, a trifle by these lavish measures.

Now, with 21 Capital, SoftBank strides boldly, wielding a mightier stake in the ever-expanding saga of digital assets — a drama neither wise men nor fools dare ignore.

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2025-04-23 18:46