According to the Wall Street Journal, on the advice of his friend Peter Briger, the Japanese billionaire invested at the peak of Bitcoin prices when the first cryptocurrency rate reached $ 20,000. Of course, he hoped that Bitcoin would continue to grow, but the rate began rapidly decline. Son sold assets in January 2018, losing about $ 130 million.
Peter Briger started investing in Bitcoin back in 2013, and by February 2017, the Fortress Investment Group company, which he chaired, had about $ 150 million investment in Bitcoin and other assets. At this point, the company acquired SoftBank Group.
Note that the state of Masayoshi Sona is estimated at $ 18.8 billion, and over the last year alone it has increased by 54%. Thus, the loss of $ 130 million is less than 1% of funds owned by the head of SoftBank.
In February of this year, SoftBank Group reported on cooperation with the American telecommunications company TBCASoft in order to form a special group to study the possibility of using the blockchain in the field of digital identification.