SoftBank Is Buying Bitcoin Again – Will They Get It Right This Time?

Once upon a time, there was a super rich company from Japan called SoftBank. A few years ago, the boss of SoftBank, Mr. Masayoshi Son, bought something called Bitcoin. He bought it when it was super expensive… then the price dropped, and he sold it. Uh-oh! He lost $130 million! That’s like losing a mountain of money!

Now, SoftBank is trying again. They’re working with other companies to invest in Bitcoin through a new group called Twenty One Capital. Some grown-ups think this is exciting. They say, “Wow! Big companies believe in Bitcoin!”

But other people are saying, “Wait a minute… didn’t this end badly before?”

Back in 2017, Bitcoin cost about $20,000. Then it crashed. Mr. Son got scared and sold it. But guess what? If he had just waited, he would have made a ton of money—because now Bitcoin is worth over $90,000!

Some people are worried. They remember another story. In January, SoftBank joined a big computer project with a company called Oracle. Right after that, Oracle’s stock price went down a lot. Yikes!

One person even joked, “If SoftBank buys something, maybe it’s time to run away!”

Now, everyone is wondering: Will SoftBank win this time? Or will it be another oops? $BTC