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FTX Files For Permission To Sell Nearly 8% Stake Worth $1.4B in Anthropic

Published 02/04/2024, 03:41 PM
Updated 02/04/2024, 03:45 PM
FTX Files For Permission To Sell Nearly 8% Stake Worth $1.4B in Anthropic

  • FTX has reportedly filed a motion with the court to sell its stake in Anthropic.
  • Anthropic is currently valued at $18 billion, with FTX owning a 7.84% stake in the company.
  • The bankrupt exchange hopes to raise about $1.4 billion from selling its Anthropic stake.

FTX, the bankrupt crypto exchange, has reportedly filed a motion with the court to sell its stake in Anthropic, an artificial intelligence (AI) company. Anthropic is currently valued at $18 billion, with FTX owning a 7.84% stake in the company, reflecting a $1.4 billion value.

FTX’s stake in Anthropic is considered its most significant remaining illiquid asset. Sam Bankman-Fried, FTX’s former CEO, reportedly invested $500 million in the AI company in October 2021.

Besides filing for the court to approve the selling…

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