FTX Completes Sale of Anthropic Stake for $800M Profit
The FTX Estate, overseen by John Ray III, finalized the sale of its remaining shares in Anthropic, as detailed in recent bankruptcy court filings.
As of June 1, FTX Exchange has completely sold off its interest in the AI company Anthropic.
Initially, FTX held 15 billion shares of Anthropic, each valued at $30, totaling $450 million in proceeds from the final sale. Combined with earlier transactions, FTX has amassed $1.3 billion from its original $500 million investment made in 2021, resulting in an $800 million profit.
This divestment was driven by the ongoing bankruptcy case, which necessitated asset sales to cover extensive legal and operational costs exceeding $700 million, and to reimburse creditors. The court approved the sales to address these financial pressures.
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In the latest sale, global venture capital fund G Squared acquired 4.5 million shares for $135 million, with other venture capital firms participating in the purchase.
John Ray III remains committed to ensuring FTX customers are repaid promptly.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
