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The company, now led by CEO John Ray III, has filed a motion asking a judge to approve the sale of FTX’s stake in Anthropic. The company also filed a separate motion to shorten the negotiation period for the sale request to be heard at the bankruptcy court’s next hearing on February 22. Objections to the motion are due by February 15.

The filing discloses the exact size of FTX’s stake in Anthropic (7.84%) and outlines two main procedures for selling the stake: an auction or a private sale.

The lawyers redacted the price they are seeking for the Anthropic shares and argued that: “Public disclosure of the Reference Price could harm the Debtors’ goal of obtaining higher and better offers for the Anthropic Shares.”

Anthropic’s last reported valuation was in December 2023 at up to $18 billion, which would put FTX’s stake at around $1.4 billion.

The value of Anthropic’s shares has become a significant source of hope for victims of the FTX collapse, and FTX actually estimates that it has enough funds to pay all customer and creditor claims in full.

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