Softbank, one of Japan’s most powerful business institutions, is reportedly in conversations with Tether and Cantor Fitzgerald to launch a $ 3 billion Bitcoin vehicle intended for public listing. According to Bloomberg, the structure is expected to be activated in Bitcoin – not Fiat – with Softbank contributing $ 900 million, Tether $ 1.5 billion and BitFinex $ 600 million.
If it was completed, the unit would launch with approx. 32,000 BTC-I The first ranking among the top five Bitcoin-sustaining public companies globally. It would also mark a significant expansion of a business strategy that is already redefining capital formation: the Bitcoin Treasury model.
Why companies turn to Bitcoin
The idea of ​​keeping Bitcoin on the balance has moved beyond theory of fringe. For an increasing number of public companies, Bitcoin is becoming a fundamental capital active – one that not only enables the preservation of purchasing power, but accelerated access to new forms of capital.
This shift is clearest in the case of strategy (formerly microstratey), the company pioneering the modern Bitcoin Treasury strategy. As CEO Phong Le explained during his my Bitcoin Expo Keynote: “We surpassed the whole of Nasdaq, the entire S&P 500, the whole Mag Seven … and we exceeded Bitcoin.”
The results of the strategy were not driven by speculative timing. They were driven by structure. The company genimaged its balance as a capital-motor-raised funds, inmates in Bitcoin and made its holdings fully transparent in almost real time.
Le argued that many companies underprested not because of execution errors, but because they remain trapped in outdated economic models – models that favor Fiat, prioritize defensive attitude and ignore the speed advantage of digital capital.
Softbank follows Metaplanet in Japan’s Bitcoin Treasury Rise
While Softbank’s potential movement is commanding attention, Japan already has a benchmark in place.
By 2024, the Metaplanet Inc. supplied. One of the most notable business transformations in global markets. Once a fighting hotel operator, the company turned into a Bitcoin Treasury strategy and became the best priesting share in the world with an increase of 100x market capital.
Metaplanet not only accumulated Bitcoin. It rebuilt its capital structure around it – using Bitcoin to create debt issues, equity assemblies and the distribution of state. Its benefit did not start tracking on earnings per year. Share, but on BTC yield: The percentage growth in Bitcoin stocks compared to fully diluted shares.
In the 1st quarter of 2025, the Metaplanet had obtained a BTC yield of 15.3% with a measure of 35% per year. Quarter. The market responded by recurring the company around its Bitcoin per year. Share performance.
The metaplan proved that the Bitcoin Treasury model works in Japan – and that it can scale. Its success opened the door for larger companies to step in and expand the strategy further.
Softbank’s role in scaling the company Bitcoin Treasury
What Softbank brings to this developing business category is not news – it’s the order of magnitude.
With $ 32.9 billion in cash and nearly $ 200 billion in net worth representing a $ 900 million Bitcoin allocation only 2.7% of softbanks reserves. But structured through a public company that is grafted in Bitcoin, it becomes a signal with high visibility to the global markets.
The proposed joint venture-in contrast to an ETF or Synthetic Fund is a Bitcoin-native operating company designed for public stock markets. It allows investors to get Bitcoin exposure through a traditional channel, while creating new opportunities for capital formation through BTC-supported financial instruments.
This structure will also fill a critical hole in Japan where there is no spot Bitcoin ETF at the moment. It would be the country’s most accessible, fluid and institutionally credible vehicle for Bitcoin exposure.
Softbank would not enter unprotected territory. It would scale a documented, institutionalized model – which brings wider market access and deeper liquidity to a capital strategy that is already reshaping business financing.
A defining moment for Bitcoin -Finance Ministry’s strategy
If ended, Softbank’s relocation would be among the largest Bitcoin Ministry of Finance in business history – and the most significant to date in Asia.
It signalizes that Bitcoin is no longer an experimental reserve – it is programmable capital. It allows companies to transform inactive balance assets into productive, strategic capital platforms.
Corporate Bitcoin Treasury era is well underway. Softbank has the balance, reputation and infrastructure to take it even more – to change a model that already reshapes capital markets from the inside out.