FTX to Sell $1 Billion Anthropic Stake
- US Bankruptcy Judge John Dorsey approves FTX’s proposal to sell its 7.84% shares in Anthropic.
- FTX filed a motion on February 3 to auction off its Anthropic Series B stock.
- FTX invested over $500 million in Anthropic in 2021.
- Anthropic’s valuation is expected to reach $15 billion, elevating the worth of FTX’s stake to over $1 billion.
Stake Funds Allocated for Creditors
- FTX plans to use the sale proceeds to repay its creditors.
- FTX founder Sam Bankman-Fried was found guilty of fraud and money laundering in December 2023.
- Creditors initially rejected FTX’s plan to sell its Anthropic stake, but later approved it after the exchange committed to using the proceeds to settle creditors.
- Repayments will be based on the prices of crypto assets during FTX’s bankruptcy proceedings over a year ago.
