The Japanese tech incubator giant SoftBank has had an active May so far, making a series of low-key investments in a number of crypto, non-fungible token (NFT) and decentralized finance (DeFi) projects.
In a recent report, the Japanese media outlet Coin Post charted SoftBank’s investment movements in the crypto sphere over the past few weeks – and it appears the company is ready to take a deeper plunge into the crypto sector.
The firm’s CEO Masayoshi Son last year told the tale of his own personal woes with a past bitcoin (BTC) investment experiment he said he is not keen to repeat. And earlier this month, Son told SoftBank investors, Bloomberg reported, that he has no plans to make a Tesla-style bitcoin buy – even before the automaker’s latest statement on the matter.
Furthermore, the tech investor had appeared to have taken a significant step back from crypto last year, when Yahoo Japan, which SoftBank owns a 48% stake in, sold its TaoTao trading platform to the ever-crypto-keen SBI Group.
