FTX Set To Cash In $884 Million From Majority Stake Sale In Anthropic
Summary
Bankrupt FTX will sell two-thirds of its stake in AI startup Anthropic for $884 million to repay creditors and bolster cash reserves. Various buyers include UAE's Mubadala, Jane Street, Fidelity, and HOF Capital. FTX invested $500 million in Anthropic in 2021. The sale aims to fully repay creditors and strengthen FTX's financial position. The sale demonstrates increased interest in AI-related startups and follows FTX's initial $500 million investment. FTT token is trading at $2.22, showing a 9% rebound in the last 24 hours.
