WSJ: Japanese Billionaire SoftBank Founder Lost $130 Million on Bitcoin Investment

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Masayoshi Son reportedly lost over $130 million with his bitcoin investment, according to the Wall Street Journal. Japanese billionaire and founder of multinational conglomerate SoftBank Group, Masayoshi Son, reportedly lost over $130 million with his bitcoin (BTC) investment, the Wall Street Journal reports on April 23. Per the report, people familiar with the matter claim that Son made the investment at the recommendation of Peter Briger, the co-chairman of asset management company Fortress Investment Group. Fortress Investment reportedly bought bitcoin in 2013; when SoftBank bought Fortress in February 2017, its holdings (including crypto) were worth more than $150 million. However,…
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WSJ: Japanese Billionaire SoftBank Founder Lost 0 Million on Bitcoin Investment

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