SoftBank Goes Big
Weekly Recap: SoftBank bets big on bitcoin again, Trump upgrades his memecoin.
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Japanese tech-focused investment conglomerate SoftBank is expected to make a $462M investment in Twenty One, an up-and-coming Strategy competitor that is backed by stablecoin issuer Tether, crypto exchange Bitfinex, and financial services firm Cantor Fitzgerald.
Jack Mallers – who previously founded a BTC payments application called Strike in 2017 – will serve as CEO for Twenty One, a company which advertises itself as a “singular vehicle for Bitcoin exposure” that will conduct “pro-Bitcoin advocacy” and "explore future expansion into Bitcoin-native financial products.”
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