Court documents reveal that the bankrupt crypto exchange FTX's estate intends to sell a significant portion, two-thirds, of its stake in AI company Anthropic for $884 million. This includes the sale of 29.5 million shares to 24 buyers, with Abu Dhabi-based ATIC Third International Investment leading the pack with a $500 million purchase for 16.6 million shares.
The Acquisition of Anthropic Shares
Jane Street is acquiring 3.3 million shares for $100 million, and funds managed by Fidelity are purchasing 1.5 million shares for $50 million. These transactions are contingent on court approval.
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Source: U.S Bankruptcy Court Filing
Sam Bankman-Fried, the founder of FTX, spent three years working as a trader at Jane Street after graduating from MIT in 2014.
FTX's Anthropic Share Divestment
Three years ago, FTX acquired shares in Anthropic for $500 million, securing an 8% stake in the prominent AI startup, which is now valued at over $1 billion. As part of its bankruptcy proceedings, FTX is divesting its Anthropic shares, intending to utilize the proceeds to compensate clients affected by the cryptocurrency exchange's insolvency.
Reportedly, FTX excluded investors from Saudi Arabia from the sale, as per sources cited by CNBC.
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Disclaimer: This response provides information based on available data and general analysis. It does not constitute financial advice. Always perform your own due diligence and consult with a professional financial advisor before making investment decisions.