Softbank Invests $3 Billion in Bitcoin Through New Venture

SoftBank has entered into a groundbreaking partnership, pooling resources with Tether, Bitfinex, and Cantor for a $3 billion investment into Bitcoin. This venture will be publicly listed through a special purpose acquisition company (SPAC) listing, leveraging the established reputations of the founding companies. 21 Capital, the newly formed entity, will utilize this capital to build a strategic presence in the cryptocurrency ecosystem.