SoftBank, With $322 Billion Assets, Buys $900M Bitcoin Alongside Tether; Fidelity Acquires $253.8M Bitcoin and Ethereum

SoftBank, the Japanese multinational conglomerate with assets totaling $322 billion, has announced a $900 million purchase of Bitcoin. This move marks a notable entry or expansion into cryptocurrency holdings for the company. In addition, Fidelity Investments, a major American financial services corporation, has acquired $253.8 million worth of Bitcoin and an equivalent amount in Ethereum. These substantial investments by prominent financial institutions highlight a growing institutional interest in cryptocurrencies such as Bitcoin and Ethereum. SoftBank's Bitcoin acquisition has drawn attention as a potentially influential development in the crypto market, further underscored by its simultaneous purchase alongside Tether, a leading stablecoin.