FTX is authorized to sell its stake in the artificial intelligence startup Anthropic

ChainCatcher News: U.S. Bankruptcy Judge John Dorsey in Wilmington, Delaware, has approved FTX's proposal to sell its stake in the artificial intelligence startup Anthropic, following a compromise reached in court with a group of FTX customers opposed to the sale. FTX invested $500 million in Anthropic in 2021 and currently holds a 7.84% stake in the company. The company seeks to sell its shares as part of its efforts to liquidate assets under court supervision and repay customers who lost access to their accounts when the company collapsed in 2022.
Court documents show that FTX plans to sell its Anthropic shares profitably and will retain the flexibility to sell the stock at "the most optimized and appropriate time." FTX wrote in court documents on February 3: "Given the growing interest in artificial intelligence and large language models, the value of Anthropic's stock has significantly appreciated since the debtor acquired and invested in Anthropic in 2021."