SoftBank has re-entered the cryptocurrency market by investing in a new bitcoin investment firm, Twenty One Capital, alongside Tether, Bitfinex, and Cantor Fitzgerald. This shift marks a significant return for SoftBank, whose founder, Masayoshi Son, previously incurred a $130 million loss from personal bitcoin investments in 2018. The renewed interest in crypto comes after SoftBank reported a $2.4 billion loss in the last quarter and participated in a $100 billion U.S. AI infrastructure initiative. At present, bitcoin trades approximately at $93,000. Investors are left questioning whether this moment represents a genuine commitment or just another misstep, reminiscent of SoftBank’s controversial past in the space. The article points out that despite the bullish reception to SoftBank's involvement in bitcoin, a downturn in other investments, like Oracle's stock, has some analysts cautioning against optimism. SoftBank’s past experience with cryptocurrency may serve as a somber reminder of the volatility and risks inherent in the digital currency markets.

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