Tether, SoftBank and Bitfinex will convert their Bitcoin investments into shares of 21 Capital, a firm launched by Cantor, priced at $10 each; according to the Financial Times, this implies a valuation of $85,000 per Bitcoin

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Eventually, SoftBank, Tether and Bitfinex will see their investment of bitcoin converted into shares in 21 Capital at $10 per share and valuing the digital currency at $85,000 per coin
The partners’ Bitcoin investments will be converted into shares of 21 Capital at $10 per share, effectively valuing Bitcoin at $85,000 per coin