FTX Anthropic Stakes Sold for $884 Million

Crypto News – Two dozen institutional investors will purchase the majority of the shares held by the FTX bankruptcy estate in artificial intelligence firm Anthropic, generating $884 million in sales.

FTX Anthropic Stakes Sold for $884 Million

The government of Abu Dhabi’s sovereign wealth fund, Mubadala, is the sole owner of ATIC Third International Investment Company, a tech investment company, according to court documents filed on Friday. It has been agreed that ATIC will pay $500 million to FTX for 16,664,167 shares in Anthropic.

In 2021, FTX and Alameda paid $500 million for Anthropic’s 8% share. By February, when a New York bankruptcy judge allowed the estate to sell the shares, the value of the shares had more than doubled due to the AI boom that followed ChatGPT’s meteoric rise in popularity.

Anthropic’s sale is a major victory for the FTX estate, which promised in January to reimburse users of the now-defunct exchange 100% of their assets’ value at the time of the exchange’s collapse. On the news, FTX’s FTT token surged by 10%.