FTX Sells Most of Anthropic Shares for $884 Million, Acquired by Investors from Abu Dhabi

Bittime - Bankrupt Cryptocurrency exchange FTX has sold most of its holdings in Artificial Intelligence company Anthropic.According to court documents, the sale involved two-thirds of FTX's 8% interest in Anthropic, with total proceeds of $884 million.

FTX and its Bankruptcy Round

FTX, once a leading cryptocurrency exchange, filed for bankruptcy in November 2022. Founded in 2019, FTX quickly became one of the most respected crypto exchanges globally, known for its innovative products and derivatives markets. 

However, the company faced a liquidity crisis and eventually filed for bankruptcy, which caused a significant impact on the cryptocurrency market.

After the bankruptcy filing, FTX's assets were sold to pay creditors. The recent sale of its stake in Anthropic is part of that ongoing process.

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Key Buyers Start to Appear

The fortunes of bankrupt crypto exchange FTX have sold most of its holdings in artificial intelligence company Anthropic. According to court documents, the sale involved two-thirds of FTX's 8% interest in Anthropic, with total proceeds of $884 million.

A total of 24 institutional investors participated in the purchase, three main players stand out:

• ATIC Third International Investment: This Abu Dhabi-based investment firm was the biggest spender, acquiring 16.6 million shares for $500 million.
• Jane Street: This leading trading firm invested $100 million, buying 3.3 million Anthropic shares.
• Fidelity: Funds managed by Fidelity also participated in the sale, acquiring 1.5 million shares for $50 million.

This divestiture of ownership by FTX is part of the ongoing bankruptcy process. The significant amount raised from the sale suggests that FTX's creditors will likely be repaid in full.

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DISCLAIMER:  This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.