✂ Fed’s first rate cut since 2020: Use our free Stock Screener to find new opportunities fastExplore for FREE

Softbank Makes Multiple Crypto Moves This Month

Published 05/20/2021, 09:30 AM
Softbank Makes Multiple Crypto Moves This Month
TSLA
-
BTC/USD
-

  • SoftBank notably had an active May till now.
  • The firm made a number of low-key investments in a number of projects.

SoftBank, the Japanese tech incubator giant notably had an active May till now. However, the firm made a number of low-key investments in a number of projects such as crypto, non-fungible token (NFT), and decentralized finance (DeFi).

Recently, Japanese media outlet Coin Post mapped SoftBank’s investment movements in the crypto industry in the past few weeks. However, this shows that the company is ready to take a deeper look into the crypto space.

Masayoshi Son, who is the CEO of the firm, last year explained the tale of his own personal woes with a previous investment on Bitcoin (BTC), which he is not keen to repeat.

More so, earlier this month, Son mentioned to SoftBank investors that he has no plans to buy Bitcoin like the style of Tesla (NASDAQ:TSLA), according to a

This article was first published on coinquora.com

Continue reading on CoinQuora

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.