FTX Cash Pile of $6.4 Billion Set to Jump With Sale of AI Stake
- Bankrupt crypto firm holds nearly 8% of hot startup Anthropic
- Judge approves share sale to raise money for creditors
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Bankrupt crypto exchange FTX won bankruptcy court approval to sell its shares in artificial intelligence company Anthropic, potentially adding more than $1 billion to the defunct company’s $6.4 billion cash pile.
US Bankruptcy Judge John Dorsey on Thursday said FTX can offload its 8% stake in Anthropic, one of the failed crypto exchange’s most valuable assets.