According to The Wall Street Journal, bankrupt cryptocurrency exchange FTX plans to sell 29.5 million shares of Anthropic Corporation to 24 buyers for a price of $884 million. This represents two-thirds of the company’s total holdings. The proceeds from the sale will be used to help reimburse customers who suffered losses due to the bankruptcy of the cryptocurrency exchange. The transaction has been approved by the court.
Court documents reveal that the primary 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, which will buy 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. Based on Anthropic’s previous valuation, FTX’s stake in Anthropic was worth over $1 billion. The sale of Anthropic shares is likely the most profitable asset disposal FTX has initiated or completed since filing for bankruptcy in November 2022.
