According to CoinDesk: FTX Bankruptcy estate is set to sell the majority of its stakes in artificial intelligence startup Anthropic to around two dozen institutional investors, accumulating $884 million in proceeds. As per recent court filings, the principal purchaser is Abu Dhabi-based ATIC Third International Investment Company, which has agreed to acquire 16,664,167 shares in Anthropic from FTX for $500 million. This entity is fully controlled by Mubadala, the government of Abu Dhabi's sovereign wealth fund.
Additional buyers incorporate Jane Street Global Trading—linked to Sam Bankman-Fried, FTX's former CEO—as well as "certain funds" affiliated with Fidelity Investments and The Ford Foundation.
News of the Anthropic shares sale has spurred a 10% increase in the value of FTX's FTT token. This sale marks a significant victory for the FTX estate, which in January committed to reimbursing the defunct exchange's customers their account values as at the time of the exchange's collapse.
Back in 2021, FTX and Alameda spent $500 million on an 8% stake in Anthropic. With the subsequent AI surge driven by ChatGPT's growing popularity, Anthropic's shares over doubled in value by February when a New York bankruptcy judge permitted the estate to sell them. This profitable sale stands in stark contrast to other asset firesales by FTX, such as the $50 million LedgerX sale last year. The exchange's U.S. arm actually shelled out $298 million for the firm in 2021.
