SB Northstar, a wholly owned subsidiary of Japanese financial giant SoftBank, is set to put $ 75 million in Bullish, the cryptocurrency company behind a still-launched crypto exchange backed by billionaire Peter Thiel, Bloomberg reported.
According to filings with the Securities and Exchange Commission, SoftBank will purchase 7.5 million shares at $ 10 per share until Bullish executes its upcoming SPAC. Bullish was valued at $ 9 billion.
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