FTX to Earn $800 Million from Anthropic Stake Sale

Bankruptcy Proceedings Boosted by Sale of AI Shares
FTX to Earn $800 Million from Anthropic Stake Sale
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Bankrupt cryptocurrency exchange FTX has agreed to sell its remaining stake in AI startup Anthropic for $452.2 million. The total sale, pending court approval, could net FTX around $800 million. FTX initially invested $500 million in Anthropic in 2021, holding a 7.8% stake. The sale aims to repay creditors, although disputes have arisen among creditors over the allocation of the shares' proceeds. The move highlights FTX's efforts to manage its complex bankruptcy proceedings and rising legal costs.

Disclaimer: Please note that the information provided in this article is based on the referenced research articles. It is essential to conduct further research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and investors should exercise caution and consult with financial professionals before engaging in cryptocurrency trading or investment activities.

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