The sale is a significant win for the FTX estate, which had pledged to repay the defunct exchange's customers 100% of the value of their holdings at the time of the exchange's collapse. This successful sale contrasts with the firesale of other FTX assets, such as the sale of LedgerX last year for $50 million. The value of the Anthropic shares more than doubled due to the AI boom fueled by ChatGPT's popularity.
Key takeaways:
- The FTX bankruptcy estate has agreed to sell the majority of its shares in AI startup Anthropic to institutional investors, raising $884 million.
- The top buyer is ATIC Third International Investment Company, a tech investment company owned by the government of Abu Dhabi's sovereign wealth fund, Mubadala, which has agreed to purchase over 16 million shares for $500 million.
- Other buyers include Jane Street Global Trading, "certain funds" tied to Fidelity Investments and The Ford Foundation.
- The sale of the Anthropic shares is a significant win for the FTX estate, which pledged to pay back the defunct exchange's customers 100% of the value of their holdings at the time of the exchange's collapse.