- The aftermath of the collapse of the crypto exchange FTX and its efforts to compensate individuals and businesses affected.
- FTX planned to sell its $500 million Anthropic stake after court approval, but halted the sale unexpectedly, while other assets were sold.
Selling stakes
FTX has agreed to sell its 29.4 million shares of the AI developer Anthropic, valued at $884,109,327, to repay losses. The sale was approved by U.S. Federal Judge John Dorsey, with various entities, including ATIC Third International Investment Company and Jane Street Global Trading. Among the buyers, ATIC secured the top bidder with 16,664,167 shares.
Also read: FTX to sell majority of stake in Anthropic for US$884 million
Various buyers, including The Ford Foundation and Picton Mahoney Asset Management, are interested in purchasing shares of Anthropic. Anthropic itself is among more than 20 entities seeking to acquire its own shares.
Associated buyers include MW LSVC Anthropic, LLC, Anthropic Pine Road LLC, Hiive Anthropic Series I and II, and ID Fund—Anthropic Series of ID Funds 3 LLC. 1.6 million shares in total, valued at $47.8 million, were bought collectively.
Asset disposal amid bankruptcy proceedings
Anthropic, questioned by Decrypt, remained silent. Speculation arose last summer on FTX’s move to sell its $500 million Anthropic stake after court approval to liquidate assets for creditor repayment by January.
Reports indicated that FTX intended to divest its stakes in the OpenAI rival, but the transaction was unexpectedly halted. Furthermore, FTX disposed of LedgerX for $50 million, incurring a substantial loss from its acquisition of $300 million in 2021, and liquidated assets worth $3.4 billion in Solana, Ethereum, and Bitcoin.
Also read: FTX offers payments for lost bitcoin, ethereum 80% below current prices
