Alameda resold its Sequoia Capital stake to the Abu Dhabi Investment Authority for $45 million

ChainCatcher news reports that court documents show FTX's investment arm Alameda Research has reached a $45 million cash deal to sell its stake in Sequoia Capital to the Abu Dhabi sovereign wealth fund. The deal also requires approval from Delaware bankruptcy court judge John Dorsey, with a potential conclusion as early as March 31.

The document states that the potential buyer, Al Nawwar Investments RSC Limited, is ultimately owned by the Abu Dhabi government and has already invested in Sequoia Capital. (CoinDesk)