TechFlow news — FTX has filed a motion with the court seeking approval to sell its approximately 8% stake in artificial intelligence startup Anthropic, according to The Block.
SBF, former CEO of FTX, invested $500 million in Anthropic in October 2021. FTX also submitted a separate motion requesting the court shorten the review period for the sale proposal, aiming to have it heard at the next bankruptcy court hearing on February 22. Opposition to the motion is due by February 15.
According to the filing, FTX holds a 7.84% stake in Anthropic, and the two main procedures for selling the shares are either through an auction or a private sale. Anthropic’s latest valuation reached as high as $18 billion in December 2023, giving FTX’s stake an estimated value of around $1.4 billion.
