SoftBank Doubles Down on Bitcoin—Seven Years After $130M Bloodbath

Masayoshi Son’s tech conglomerate is back in the crypto trenches—because what’s a few hundred million between friends?

From ’hard pass’ to ’hard wallet’

After famously dumping its entire BTC position during 2018’s crypto winter (and booking a nine-figure loss), SoftBank’s latest SEC filings reveal fresh Bitcoin allocations. The move comes as institutional adoption hits record levels—and just months after the firm quietly shuttered its Vision Fund’s crypto division.

Wall Street’s favorite volatility play

Analysts note the timing aligns with BlackRock’s spot ETF approval and renewed corporate treasury interest. ’Either they’ve cracked cold storage security,’ quips one Tokyo-based trader, ’or they’re chasing the same momentum that burned them last time.’

The real question? Whether this is strategic conviction—or just another hedge fund FOMO play in designer suits.