FTX to add over $1B to cash stack after court approves Anthropic sale
Anthropic’s latest reported valuation is $15 billion, raising the value of FTX’s nearly 8% stake to over $1 billion that could be used to repay creditors.
Bankrupt crypto exchange FTX has been given the judge’s nod to sell over $1 billion worth of its shares in artificial intelligence startup Anthropic.
Delaware Bankruptcy Court Judge John Dorsey ruled in a Feb. 22 hearing that the sale could go ahead after FTX made concessions with some customers who objected to the sale.
The customers had claimed the Anthropic shares didn’t belong to FTX, saying they were purchased with misappropriated customer funds, citing evidence presented during FTX co-founder Sam Bankman-Fried’s criminal trial.
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