Attention Creditors! FTX to Sell Anthropic Stake for $884 Million

According to The Wall Street Journal, bankrupt cryptocurrency exchange FTX plans to sell 29.5 million shares of Anthropic, which represents two-thirds of its total holdings, to 24 buyers for a price of $884 million. The funds raised from the sale will be used to help compensate customers for losses incurred after the cryptocurrency exchange’s bankruptcy. The transaction has been approved by the court.

Court documents reveal that the main buyer in this transaction is ATIC Third International Investment, an investment company owned by Abu Dhabi sovereign wealth fund Mubadala, which will spend $500 million to purchase 16.6 million shares. Following closely behind are Wall Street financial firm Jane Street Capital and Fidelity, purchasing 3.332 million shares and 1.499 million shares respectively.

FTX previously invested $500 million in Anthropic in 2021, holding approximately 7.8% of the company’s shares. According to Anthropic’s previous valuation, FTX’s holdings in Anthropic were worth over $1 billion. The sale of Anthropic shares is reported by The Wall Street Journal as potentially being the most profitable asset divestment initiated or completed by FTX since filing for bankruptcy in November 2022.

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