SoftBank Vision Fund faces $100 million loss on FTX investment - Silicon Valley Business Journal

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On the same day that FTX filed for bankruptcy, SoftBank revealed how much money it invested in the failing cryptocurrency exchange operator.

SoftBank's investment in FTX accounted for 1.3% of the assets of its two Vision Funds, Goto said, according to The Journal. The decline in its stake adds to the company's recent investment losses. Of the nearly $50 billion its Vision Fund 2 has invested, SoftBank reported investment losses of $14 billion Friday, the Journal reported.

, Founders Fund and Tarsadia also participated.Los Altos Hills, $23.5 million: OpenAI led the round for this developer of a collaborative note-taking app.Mountain View, $18 million: Battery Ventures led the Series A round for this provider of software that imports data from corporate apps and databases into Google Sheets. Foundation Capital and S28 Capital also invested.

 

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Softbank discloses $100 million investment in FTX but mostly avoids crypto betsSoftbank said its investment in FTX amounts to a 'minor' stake in the $100 billion Softbank Vision Fund. Haha these guys are the same ones that don’t want us to get on exchanges and buy crypto while they make an investment in the exchanges 😭 IAmDonnieAzoff You can’t have a major money loss situation without seing SoftBank around
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