FTX Seeks to Sell 8% Stake in Anthropic for Sake of 'Shareholders'

Policy

The estate for bankrupt crypto exchange FTX wants to sell its shares of artificial intelligence (AI) startup Anthropic, court filings from Friday show.

A motion seeking a court order approving proposed sale procedures for the stake says Sam Bankman-Fried’s FTX estate owns around 7.84% of Anthropic as of January 2024. FTX and sister investment firm Alameda invested $500 million in Anthropic in 2021.

While the estate sought to sell the sought-after stake last year, it was paused in June 2023 after months of due diligence by potential bidders.

Setting up the sales procedures now will let the estate “coordinate the most optimal and appropriate time for the sale of Anthropic Shares in conjunction with Anthropic’s capital raising efforts” and maximize the value of the estate “for the benefit of all stakeholders" Friday’s filing said.

A hearing on the matter could take place later this month.

13 November

General

3 days ago

Mt. Gox sends 2,500 BTC ($222M) to unmarked wallets in its fifth transfer this month, per Arkham Intelligence. The bankrupt exchange continues internal and external bitcoin moves since Oct. 31, sparking speculation about future creditor distributions.

Tech

3 days ago

Interoperability advances on Polkadot with Hyperbridge’s mainnet launch. This protocol enables fast, secure crosschain connections with support for Ethereum, Optimism, and more, paving the way for a unified blockchain ecosystem.

Business

3 days ago

El Salvador's Bitcoin stash hits $100M unrealized profit, sparking a victory lap from President Bukele: "I told you so." Despite IMF warnings and criticism, El Salvador’s BTC investments since 2021 have surged in value, now totaling $516M. Bukele stands firm on holding, riding Bitcoin’s 436% rise from lows after the FTX collapse.

Policy

3 days ago

The Digital Chamber urges U.S. lawmakers to pass stablecoin legislation as use surges worldwide. A new report, "How Stablecoins are Extending U.S. Dollar Dominance," highlights their role in cross-border payments and savings, stressing that swift regulation could reinforce dollar dominance.

05 November

Markets

12 days ago

Bitcoin’s price steadied over the weekend, hovering near $68,500, after nearly touching a new all-time high at $73,600 last week. Altcoins are mostly steady, with DOGE, ETH, and BNB show slight gains, with XRP leading at a 2% rise. In contrast, SOL, ADA, and SHIB have seen small declines, while LINK is down by 3.5%, marking the largest drop among major altcoins.

Tech

12 days ago

Deutsche Telekom goes green with Bitcoin mining. Europe’s largest telecom provider plans to mine BTC using surplus renewable energy in a groundbreaking project called "Digital Monetary Photosynthesis."

Policy

12 days ago

The high-stakes legal showdown between Ripple and the SEC is entering a critical phase, with the SEC set to file its opening appeal brief by January 15, 2025. The appeal seeks to reverse an earlier ruling that XRP sales to retail investors didn’t violate securities laws—potentially reshaping U.S. crypto regulations.

General

12 days ago

The Monetary Authority of Singapore (MAS) unveiled new frameworks to boost tokenized assets and deepen liquidity in financial markets. Under ‘Project Guardian’, MAS released the frameworks for tokenizing debt markets and simplifying tokenized fund creation.

Business

12 days ago

Strive Enterprises has launched a wealth management division focused on integrating Bitcoin into standard portfolios for everyday Americans. The firm aims to offer Bitcoin as a hedge against economic and geopolitical risks, including global debt, rising yields, inflation, and restrictive monetary policies.

29 October

Business

18 days ago

1inch and the Bruce Lee Family Company join forces to “Take crypto seriousLee” in a unique campaign blending DeFi with Bruce Lee’s legacy of precision and efficiency. By highlighting shared values, the partnership aims to reshape crypto's public image as the future of finance.

FTX Seeks to Sell 8% Stake in Anthropic for Sake of 'Shareholders'

Related news

An Interview With El Salvador’s Top Crypto Regulator: ‘Developing Countries Can Lead the Financial Revolution’

Razzlekhan's Husband Gets Five Years Prison Sentence for Bitfinex Hack

Trump Names Former SEC Chair Jay Clayton to DOJ Office, the Same Office That Prosecuted SBF

Republican State AGs and DeFi Lobby Sue SEC Over Crypto Enforcement Actions

UK Government Plans Pilot for a Digital Gilt Instrument Using Distributed Ledger Technology

Polymarket's Probe Highlights Challenges of Blocking U.S. Users (and Their VPNs)

Ready to explore with XBO.com?