FTX Disposes $884M Anthropic Shares, Revs Up Institutional Investor Interests

By: Isha Das

The leading crypto exchange, FTX is gearing up to sell a whopping $884 million of Anthropic shares to around two dozen institutional investors. This strategic move has caused FTX's FTT token value to surge by 10 percent, signaling an optimistic market sentiment. Conversely, the company is also unloading about 29.4 million Anthropic shares primarily for repaying its creditors. The implications of this trend could alter the image of the FTX significantly in the global institutional investor sector.