FTX files for court sale of $1.4 billion stake in Anthropic - strategic move in bankruptcy defense.

FTX files for court sale of $1.4 billion stake in Anthropic - strategic move in bankruptcy defense.

According to a report from www.finanzen.net, crypto exchange FTX has filed a court application to sell its significant stake in Anthropic. This move is part of FTX’s strategy to recover funds and ensure full repayment to their customers. Anthropic's valuation is in the billions, and the sale of FTX's stake worth around $1.4 billion could be crucial to achieving this goal.

FTX is currently in a difficult bankruptcy process and is now trying to get court approval to get rid of its significant stake in Anthropic in order to secure repayments. Alameda Research's entry into Anthropic's funding circle in April 2022 resulted in the company acquiring a 13.56 percent stake, but this was diluted to 7.84 percent by January based on Anthropic's current valuation.

The proposed liquidation aims to dispose of the Series B preferred shares held by FTX sister company Alameda Research to Anthropic. FTX's court filing suggests a flexible approach to sales, possibly in multiple phases to optimize returns.

The refusal to revive the platform in the form of FTX 2.0 suggests that FTX is precisely concerned with protecting the interests of customers and creditors and ensuring full compensation.

The crypto exchange is expected to file a disclosure statement in February to ensure full compensation to customers and general unsecured creditors with eligible claims. Despite some setbacks in the bankruptcy process, FTX's legal representative expressed cautious optimism about the company's prospects.

Refraining from reviving FTX 2.0 and taking steps to fully compensate customers and creditors could restore confidence in the financial industry. The Bitcoin Minetrix investment opportunity offers investors a promising alternative to participate in Bitcoin mining.

The platform offers a user-friendly and secure way to engage in Bitcoin mining and could be of interest to investors looking for worthwhile investments to offset losses from the FTX collapse.