
NEWYORK/TOKYO/LONDON (Financial Times) -- Masayoshi Son, founder of SoftBank Group, lost more than $130m in a personal bet on bitcoin, buying near the cryptocurrency's record high and selling after it tumbled, according to people with knowledge of the matter.
The loss represents a blemish for the Japanese billionaire, who has won the backing of investment funds across the Gulf as well as blue-chip companies such as Apple to seed the largest venture capital fund ever raised.