On the 12th, Softbank Group announced the settlement of accounts for the March 2021 period. In the Q&A corner, Chairman Son Jeong-eui answered about the holdings of Bitcoin (BTC) in the financial statements. Coinpost reported this on the 12th.
While there are cases where large companies such as Tesla are pursuing bitcoin holdings, Chairman Son Jeong-eui replied, “is it considering whether Softbank is also considering turning its assets into bitcoin?”
“When it comes to Bitcoin, there have been many discussions about whether it is good or bad. I’m not sure if it’s worth it or if it’s a bubble.”
Having said this, Chairman Son commented that there are many users who are actually investing in cryptocurrency, acknowledging that “there are more and more people investing in cryptocurrency.”
“There is no need to deny the cryptocurrency itself,” he explained, “a situation that is being discussed in-house.”
This is not the first time that Chairman Son Jeong-eui publicly mentioned Bitcoin.
Chairman Son said that while participating in an event hosted by the NY Times in November 2020, he purchased about 20 billion yen (about 20 billion KRW) worth of bitcoin, which is 1% of his personal fortune in 2018. When it became difficult to concentrate on, he explained that he had sold all of BTC.
At the time, he described bitcoin as “incomprehensible”, and after investing in BTC, he said, “I felt clear.”
[Possessing cryptocurrency becoming mainstream]
Such remarks appeared in the Q&A corner, which is a trend in which conglomerates in the U.S. have repeatedly expressed their holdings of bitcoin as a financial asset in 2021. As a listed company, MicroStrategy of the United States announced its holding of BTC as a financial asset in the summer of last year. Received great attention.
In February, Tesla, a US EV conglomerate, announced its holding of Bitcoin. The cryptocurrency industry has become an example of interest in the traditional financial industry. After that, Chinese conglomerates Meitu and others announced the purchase of BTC or Ethereum (ETH).
In Japan, Nexon Co., Ltd., an online game conglomerate, which is listed on the first section of the Tokyo Stock Exchange, announced that it has a substantial bitcoin holding of $100 million.
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Author/ Translator: Jamie Kim
Bio: Jamie Kim is a technology journalist. Raised in Hong Kong and always vocal at heart. She aims to share her expertise with the readers at blockreview.net. Kim is a Bitcoin maximalist who believes with unwavering conviction that Bitcoin is the only cryptocurrency – in fact, currency – worth caring about.