After reporting one of its largest losses ever, SoftBank Group Corp (OTC:SFTBY) has turned to alternative methods to regain lost capital.

How Will The Japanese Conglomerate Regain Capital? SoftBank's Vision Fund, its technology investment vehicle, reported a 2.93 trillion Japanese yen ($21.16 Billion USD) loss for the first-quarter 2022. Therefore, the investment conglomerate has announced that it sold its holdings of Uber Technologies Inc (NYSE:UBER) in order to regain lost capital.

SoftBank bought Uber stock in 2018 and then again in 2019 to become the largest shareholder in the ride-share company, CNBC has reported. The investment firm purchased Uber stock at an average per-share price of $34.50.

In Monday's disclosure, SoftBank shared that it sold its Uber holdings at some point between April and July at an average price of $41.47 per share.

During that time-span, the firm had realized gains of $5.6 Billion after selling its stake in Uber, Opendoor Technologies Inc. (NASDAQ:OPEN), Guardant Health Inc. (NASDAQ:GH) and $KE Holdings(BEKE.US)$

Benzinga's Take: While SoftBank wasn't able to regain all of the capital lost, selling its holdings in Uber, Opendoor, Guardant and KE helped mitigate the losses.

The firm still has a ways to go to make back the $21.16 Billion, but after regaining $5.6 Billion, the Japanese investment conglomerate is heading in the right direction.