FTX is looking to sell its 7.84% stake in Anthropic, an AI company, to manage its bankruptcy and help creditors.
The sale, estimated at more than $1.4 billion, could influence market confidence in cryptocurrencies and AI.
FTX, is actively seeking to sell its sizable stake in Anthropic, an artificial intelligence company. This action is part of a comprehensive plan to manage its bankruptcy and provide relief to creditors. FTX’s stake in Anthropic represents approximately 8% of the company, which translates to an estimated value of more than $1.4 billion.
FTX’s Application for Quick Sale Approval
FTX has formally requested permission from the bankruptcy court to accelerate the sale of its shares in Anthropic. This AI startup is generating interest in the tech world, and FTX is seeking a court hearing on February 22 to expedite the sale process. Management, now led by John Ray III following the departure of Sam Bankman-Fried, emphasizes the need for a quick sale to maximize returns fo

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