Masayoshi Son Lost $130 Million on Bitcoin
Quote from Ndubuisi Ekekwe on April 28, 2019, 7:47 PMMasayoshi Son, the billionaire founder of SoftBank Group Corp, shared $130 million with the Bitcoin messengers. Yes, he lost that much, New York Times reports. The bitcoin-booster, one of the messengers, happily smiled home!
Masayoshi Son, the billionaire founder of SoftBank Group Corp., made a huge personal bet on bitcoin just as prices for the digital currency peaked, losing more than $130 million when he sold out, according to people familiar with the matter.
Mr. Son, who launched the world’s biggest venture-capital fund on the strength of his long-term investing acumen, made the investment in late 2017 at the recommendation of a well-known bitcoin booster, whose investment firm SoftBank bought that year, the people said.
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Masayoshi Son, the billionaire founder of SoftBank Group Corp, shared $130 million with the Bitcoin messengers. Yes, he lost that much, New York Times reports. The bitcoin-booster, one of the messengers, happily smiled home!
Masayoshi Son, the billionaire founder of SoftBank Group Corp., made a huge personal bet on bitcoin just as prices for the digital currency peaked, losing more than $130 million when he sold out, according to people familiar with the matter.
Mr. Son, who launched the world’s biggest venture-capital fund on the strength of his long-term investing acumen, made the investment in late 2017 at the recommendation of a well-known bitcoin booster, whose investment firm SoftBank bought that year, the people said.
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