The FTX bankruptcy estate sold all of its @AnthropicAI shares in 2024, bringing in about $1.34 billion. Based on the IPO price range Anthropic announced on November 10, those shares would now be worth $31.2 billion to $34.7 billion.
FTX bought the shares in 2021 for $500 million, acquiring a total of 44.539 million shares. The bankruptcy estate sold them in two rounds for about $30 per share to 38 buyers, including funds managed by Jane Street and Fidelity. In September this year, Anthropic carried out a 10-for-1 stock split, bringing the number of shares to about 445 million. Adjusted for the split, FTX sold them for just $3 per share. The IPO price range is $70 to $78 per share.
Any gains after the shares were sold have nothing to do with FTX; they belong to the buyers who took them over. FTX users’ claims were fixed in dollar terms on November 11, 2022, the day FTX filed for bankruptcy. The court valued Bitcoin at $16,871.63 per coin. Small creditors with claims under $50,000 have received a total of about 120% of their claims. Someone who had deposited 1 Bitcoin can receive about $20,200. Bitcoin was trading at around $73,700 this afternoon, so that amount would now buy back only about 0.27 Bitcoin.
Under FTX’s repayment plan, the 120% received by small creditors already includes 9% annual interest. Any increase in Bitcoin’s price after the bankruptcy filing is not included.
$BTC
FTX bought the shares in 2021 for $500 million, acquiring a total of 44.539 million shares. The bankruptcy estate sold them in two rounds for about $30 per share to 38 buyers, including funds managed by Jane Street and Fidelity. In September this year, Anthropic carried out a 10-for-1 stock split, bringing the number of shares to about 445 million. Adjusted for the split, FTX sold them for just $3 per share. The IPO price range is $70 to $78 per share.
Any gains after the shares were sold have nothing to do with FTX; they belong to the buyers who took them over. FTX users’ claims were fixed in dollar terms on November 11, 2022, the day FTX filed for bankruptcy. The court valued Bitcoin at $16,871.63 per coin. Small creditors with claims under $50,000 have received a total of about 120% of their claims. Someone who had deposited 1 Bitcoin can receive about $20,200. Bitcoin was trading at around $73,700 this afternoon, so that amount would now buy back only about 0.27 Bitcoin.
Under FTX’s repayment plan, the 120% received by small creditors already includes 9% annual interest. Any increase in Bitcoin’s price after the bankruptcy filing is not included.
$BTC
