Masayoshi Son, the billionaire founder of SoftBank Group Corp., made a huge personal bet on bitcoin just as prices for the digital currency peaked, losing more than $130 million when he sold out, according to people familiar with the matter.
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SoftBank Founder Masayoshi Son Lost $130 Million on BitcoinMasayoshi Son, the billionaire founder of SoftBank, made a huge personal bet on bitcoin just as prices for the digital currency peaked, losing more than $130 million when he sold out, according to people familiar with the matter.
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SoftBank's Masayoshi Son got caught up in the bitcoin frenzy and reportedly lost $130 millionJapanese billionaire Masayoshi Son, the founder of Japanese conglomerate SoftBank, personally lost over $130 million when he sold his position in bitcoin, the Wall Street Journal reported on Tuesday.
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