Tuesday, July 1, 2025
No Result
View All Result
Coin Digest Daily
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • Metaverse
  • Web3
  • DeFi
  • Analysis
  • Scam Alert
  • Regulations
Marketcap
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • Metaverse
  • Web3
  • DeFi
  • Analysis
  • Scam Alert
  • Regulations
No Result
View All Result
Coin Digest Daily
No Result
View All Result

FTX Seeks to Liquidate $1.4 Billion Anthropic Stake Amid Bankruptcy Proceedings

5 February 2024
in Blockchain
Reading Time: 2 mins read
0 0
A A
0
Home Blockchain
Share on FacebookShare on Twitter


FTX seeks courtroom approval to divest its $18 billion stake in Anthropic, a part of its post-collapse asset liquidation technique, to repay clients and fulfill stakeholder commitments.

With the intention of promoting its 7.84% possession in Anthropic, a synthetic intelligence enterprise that was valued at about $18 billion as of December 2023, the defunct cryptocurrency trade referred to as FTX is requesting permission from the courtroom to take action. Based on estimates, the worth of this funding is someplace about $1.4 billion. Following the collapse of FTX in November 2022, this step is part of the corporate’s makes an attempt to get better money and utterly reimburse customers and collectors. Sam Bankman-Fried, who had beforehand served because the CEO of FTX, first used consumer deposits to make an funding of round $530 million in Anthropic through Alameda Analysis, which is a sister enterprise of FTX. It was initially through this funding that Alameda was in a position to purchase a 13.56% share in Anthropic; nevertheless, following additional fundraising rounds, this stake was diminished to 7.84%.

FTX is trying to have its sale movement reviewed in a shorter period of time, with the objective of reaching a call by the point a gathering of the chapter courtroom is about to happen on February 22, 2023. There’s a robust probability for FTX to boost the monies required to fulfill its monetary commitments and optimize returns for stakeholders through the sale of the Anthropic curiosity, which is seen as a significant alternative. For the aim of creating the sale simpler, numerous different approaches, equivalent to auctions or personal discussions, are being investigated. This strategic disposal is in keeping with FTX’s bigger asset liquidation plan, which is designed to pay consumer commitments. Moreover, it highlights the corporate’s dedication to indemnifying shoppers who’ve been negatively impacted.

As a part of a much bigger try and liquidate belongings, FTX is exploring the opportunity of promoting its share in Anthropic. Over the course of the earlier three months, the corporate has offered greater than 700 million {dollars} price of cryptocurrencies, along with promoting a major quantity of its GBTC investments for over 600 million {dollars}. As well as, the agency has taken steps to promote a declare towards the defunct cryptocurrency lender Genesis, which is price $175 million. This motion demonstrates that the company is prioritizing the restoration of belongings and the compensation of shoppers above the intentions to relaunch the trade. Based on the latest info, FTX has been profitable in amassing greater than seven billion {dollars}’ price of recovered belongings. The corporate intends to disperse these monies relying on the values of cryptocurrencies in November 2022, after the asset restoration section has been accomplished.##

Picture supply: Shutterstock



Source link

Tags: AnthropicBankruptcyBillionFTXLiquidateProceedingsSeeksStake
Previous Post

The Future of Prompt Engineering: Trends and Innovation

Next Post

Merlin Chain Secures Funding to Empower “Bitcoin-native” Innovations

Related Posts

Exa Innovates with Multi-Agent Web Research System Using LangGraph
Blockchain

Exa Innovates with Multi-Agent Web Research System Using LangGraph

1 July 2025
TIME called Coinbase a disruptor
Blockchain

TIME called Coinbase a disruptor

30 June 2025
Artificial Intelligence Optimization (AIO): Enhancing AI System Performance
Blockchain

Artificial Intelligence Optimization (AIO): Enhancing AI System Performance

1 July 2025
Tokenised Trade Finance: Can Blockchain Finally Bridge India’s US $300 Billion Export-Credit Gap?
Blockchain

Tokenised Trade Finance: Can Blockchain Finally Bridge India’s US $300 Billion Export-Credit Gap?

30 June 2025
Bitcoin (BTC) Faces Limited Momentum Amid On-Chain Activity Slowdown
Blockchain

Bitcoin (BTC) Faces Limited Momentum Amid On-Chain Activity Slowdown

28 June 2025
Exploring the Risks of Zero-Knowledge Wrapped Digital Identity
Blockchain

Exploring the Risks of Zero-Knowledge Wrapped Digital Identity

29 June 2025
Next Post
Merlin Chain Secures Funding to Empower “Bitcoin-native” Innovations

Merlin Chain Secures Funding to Empower “Bitcoin-native” Innovations

South Korean Regulator to Discuss Spot Bitcoin ETF With U.S. SEC: Report

South Korean Regulator to Discuss Spot Bitcoin ETF With U.S. SEC: Report

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
Ethereum Reclaims $2,500 In Squeeze-Driven Rally – But Can It Hold?

Ethereum Reclaims $2,500 In Squeeze-Driven Rally – But Can It Hold?

28 June 2025
솔라나 레이어 2 코인 솔락시, 유니스왑 상장 출시… 지금 구매할 만한 유망 코인일까? | Bitcoinist.com

솔라나 레이어 2 코인 솔락시, 유니스왑 상장 출시… 지금 구매할 만한 유망 코인일까? | Bitcoinist.com

24 June 2025
$304M Raised, 20 Listings Locked – BlockDAG’s Plan Is Set, TAO and Pi Downtrend

$304M Raised, 20 Listings Locked – BlockDAG’s Plan Is Set, TAO and Pi Downtrend

16 June 2025
Why is Crypto Crashing? Dust Settles Over SOL and ETH After Musk Storm

Why is Crypto Crashing? Dust Settles Over SOL and ETH After Musk Storm

7 June 2025
Ethereum Price To Resume Downtrend? Market Expert Identifies Bearish Chart Setup | Bitcoinist.com

Ethereum Price To Resume Downtrend? Market Expert Identifies Bearish Chart Setup | Bitcoinist.com

23 June 2025
Altcoin Exchange Flows Dip Below $1.6B – History Points To Incoming Rally | Bitcoinist.com

Altcoin Exchange Flows Dip Below $1.6B – History Points To Incoming Rally | Bitcoinist.com

28 June 2025
The Blockchain Group Confirms Acquisition of 60 BTC, Total Holdings Reach 1,788 BTC – News Bytes Bitcoin News

The Blockchain Group Confirms Acquisition of 60 BTC, Total Holdings Reach 1,788 BTC – News Bytes Bitcoin News

1 July 2025
Robinhood Kickstarts US Stocks in Europe with Crypto: Will On-Chain Adoption Skyrocket?

Robinhood Kickstarts US Stocks in Europe with Crypto: Will On-Chain Adoption Skyrocket?

1 July 2025
Penis envy? 35-foot appendage at UK heritage site was almost covered up

Penis envy? 35-foot appendage at UK heritage site was almost covered up

1 July 2025
Feds Charge Man With $1.7M Scheme to Convert Fake Checks Into Bitcoin – Decrypt

Feds Charge Man With $1.7M Scheme to Convert Fake Checks Into Bitcoin – Decrypt

1 July 2025
Circle Proposed to Launch Federally Regulated Trust Bank

Circle Proposed to Launch Federally Regulated Trust Bank

1 July 2025
Supreme Court Rejects Crypto Privacy Case Against IRS

Supreme Court Rejects Crypto Privacy Case Against IRS

1 July 2025
Facebook Twitter Instagram Youtube RSS
Coin Digest Daily

Stay ahead in the world of cryptocurrencies with Coin Digest Daily. Your daily dose of insightful news, market trends, and expert analyses. Empowering you to make informed decisions in the ever-evolving blockchain space.

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Web3

SITEMAP

  • About us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Coin Digest Daily.
Coin Digest Daily is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • Metaverse
  • Web3
  • DeFi
  • Analysis
  • Scam Alert
  • Regulations

Copyright © 2024 Coin Digest Daily.
Coin Digest Daily is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoinBitcoin(BTC)$106,581.00-0.70%
  • ethereumEthereum(ETH)$2,430.25-1.22%
  • tetherTether(USDT)$1.000.01%
  • rippleXRP(XRP)$2.200.47%
  • binancecoinBNB(BNB)$649.14-0.64%
  • solanaSolana(SOL)$147.97-2.45%
  • usd-coinUSDC(USDC)$1.000.01%
  • tronTRON(TRX)$0.2788960.64%
  • dogecoinDogecoin(DOGE)$0.159494-3.06%
  • staked-etherLido Staked Ether(STETH)$2,430.09-1.22%