The Projection — a symmetric watercolor butterfly

The Projection

The surface is never the system.

← SoftBank

Optionality

free but LEVERED — Son ~71.36% voting control deploys at will, but ¥25.4T (~$169B) debt + ~1/3 of Son's personal stake pledged constrain the pile.

high confidence · as of 2026-07-26 · about SoftBank

Sourced figures 2


the working

Threads 6

A claim is one metric we assert about a node — the value is the summary, this page is the receipt. Sourced from kestrel; supersedes-history not yet shown. Back to SoftBank.