> Japanese giant SoftBank logged a 608.5 billion yen ($3.96 billion) gain on its Vision Fund tech investment arm in its fiscal second quarter ended Sept. 30, posting a steep quarterly increase after swinging back to black in the three months to June.

> The Vision Fund has been cashing in on the success of the September 2023 listing of smartphone chip designer Arm Holdings, in which it owns a sweeping majority stake of around 90%.

https://www.cnbc.com/2024/11/12/softbank-earnings-q2-2024.ht...

It doesn’t, I believe it’s borrowing a large portion of it.