Briefing

Bankrupt Crypto Exchange FTX Allowed To Sell Anthropic Stake

FTX filed a request to sell its Anthropic stake earlier this month.
By
Stephanie Palazzolo
Source:Reuters

U.S. Bankruptcy Judge John Dorsey ruled on Thursday that the overseers of bankrupt crypto exchange FTX would be allowed to sell FTX’s nearly 8% stake in large language model developer Anthropic.

The stake could be worth as much as $1.4 billion if Anthropic is able to land the $18.4 billion valuation it’s been seeking in its latest funding round. Getting a price like that would help FTX’s bankruptcy manager improve how much the one time exchange’s customers and creditors get back in the liquidation of the company. FTX originally invested $500 million in Anthropic in 2021.