FTX to Sell $884M of Anthropic Shares to Two Dozen Institutional Investors

The FTX bankruptcy estate has reached a deal to sell the majority of its shares in artificial intelligence startup Anthropic to two dozen institutional investors, raising $884 million.

According to Friday court filings, the top buyer is ATIC Third International Investment Company, a tech investment company wholly owned by the government of Abu Dhabi's sovereign wealth fund, Mubadala. ATIC has agreed to purchase 16,664,167 shares of Anthropic from FTX for $500 million. Other buyers include Jane Street Global Trading – an affiliate of the erstwhile employer of former FTX CEO Sam Bankman-Fried –"certain funds" tied to Fidelity Investments and The Ford Foundation.

The sale of the Anthropic shares is a big win for the FTX estate, which pledged in January to pay back the defunct exchange's customers 100% of the value of their holdings at the time of the exchange's collapse. FTX's FTT token climbed 10% on the news. FTX and Alameda paid $500 million for the 8% stake in Anthropic in 2021. The subsequent AI boom fueled by ChatGPT's soaring popularity caused the value of the shares to more than double by the time a New York bankruptcy judge gave the estate permission to sell them in February.sale of LedgerXin a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin.

Source: The AI Report (theaireport.net)

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