SoftBank Sells 5.8B Nvidia Stake to Fund OpenAI

SoftBank Group has confirmed it fully exited its 5.8 billion dollar stake in Nvidia as it reallocates capital to expand its investment in OpenAI and other artificial intelligence ventures.

Key Takeaways

• SoftBank sold its entire Nvidia stake worth 5.8 billion dollars in Q4 2025.
• The move was confirmed in its latest Form 13F filing with the US Securities and Exchange Commission.
• Proceeds are being redirected toward OpenAI and AI infrastructure investments.
• The company also adjusted other holdings, including boosting eToro and acquiring TwentyOne Capital.

What Happened?

In its mandatory quarterly Form 13F filing with the US Securities and Exchange Commission, SoftBank Group Corp. confirmed that it completely divested its stake in Nvidia during the fourth quarter ending December 31, 2025. The sale, first signaled in November, involved shares valued at approximately 5.8 billion dollars in October.

The regulatory document, signed by Head of Corporate Legal Department Yuko Yamamoto, shows that Nvidia is no longer listed among SoftBank’s holdings or those managed by its 13 affiliated managers.

SoftBank Confirms Strategic Exit From Nvidia

The filing officially verifies SoftBank’s previously announced plan to dissolve its position in Nvidia, one of the leading semiconductor companies powering artificial intelligence infrastructure. The stake had previously been valued at about 3.59 billion dollars before being fully liquidated.

SoftBank said the liquidation was aimed at raising capital for further investments in OpenAI, the creator of ChatGPT, as the firm seeks to increase its exposure to advanced AI technologies. The move signals a deeper commitment to artificial intelligence infrastructure rather than maintaining exposure through chip manufacturers alone.

Quarterly 13F disclosures compare holdings as of December 31, 2025, with those reported on September 30, 2025. These filings are required within 45 days of each fiscal quarter’s end and reflect positions as of the reporting date. They do not capture trades that may have occurred in early 2026.

Portfolio Reshuffle Beyond Nvidia

The Nvidia exit was not the only significant portfolio adjustment.

According to the filing, SoftBank:

• Increased its stake in eToro Group to approximately 796,000 shares valued at 28 million dollars.
• Acquired a new position in TwentyOne Capital, purchasing 89.1 million shares worth 780.6 million dollars.
• Reduced its holdings in T Mobile US to 18 million shares valued at 3.65 billion dollars.

These moves highlight a broader portfolio realignment as the company sharpens its focus on AI driven and technology oriented investments.

SoftBank operates as a Japan based telecom and ecommerce conglomerate. It owns 90 percent of semiconductor designer Arm Holdings following its 2023 IPO and is the general partner of Vision Fund 1 while serving as the sole investor in Vision Fund 2. Both funds primarily target pre IPO internet and AI companies. Recently, SoftBank has begun investing directly in OpenAI.

Financial Health Raises Questions

While SoftBank continues to reposition toward AI, its financial health presents mixed signals.

The company reported revenue of 51.29 billion dollars with a three year growth rate of 10.4 percent. Its net margin stands at 48.17 percent and EBITDA margin at 80.82 percent. However, its operating margin has declined over the past five years.

On the balance sheet:

• Current ratio is 0.84, suggesting potential liquidity concerns.
• Debt to equity ratio stands at 1.55, indicating significant leverage.
• Altman Z Score of 0.98 places the company in the distress zone.

SoftBank’s beta of 2.38 also signals high volatility compared to the broader market. With a market capitalization of 161.86 billion dollars and a stock price of 29.175 dollars on the OTCPK exchange, investor sentiment appears cautious but not bearish, reflected in a neutral RSI reading.

CoinLaw’s Takeaway

In my experience, when a company sells a high profile asset like Nvidia, it is not just portfolio trimming. It is a statement. I see this as SoftBank making a bold bet that direct exposure to OpenAI and AI infrastructure will generate stronger long term returns than holding shares in a chip giant. I found it especially interesting that this move comes despite financial pressure signals like high leverage and a low Altman Z Score. That tells me management is willing to take calculated risks to stay ahead in the AI race. Whether that pays off will depend heavily on how OpenAI scales and monetizes its technology in the coming years.

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