News and Analytics

0

FTX's Financial Moves: Final Anthropic Share Sale and Bankruptcy Updates

Jun 2, 2024

The recent financial actions by FTX, overseen by CEO John Ray III, include the completion of the sale of the remaining stake in the AI startup Anthropic, known for creating the chatbot Claude. Official documentation from the bankruptcy filings discloses that FTX has offloaded its last 15 million Anthropic shares for $30 each, resulting in proceeds exceeding $450 million.

This divestment highlights a substantial growth in value from FTX's original investment of $500 million in Anthropic. The overall earnings from Anthropic shares have now surged to approximately $1.3 billion, leading to a notable profit of $800 million. It is noteworthy that the share price has remained steady compared to previous transactions.

In the recent share selling process, a significant buyer was the global venture capital firm G Squared, which secured around one-third of the available shares by purchasing 4.5 million shares for $135 million. Other investors in this divestment included various venture capital funds, emphasizing their interest in Anthropic shares.

While FTX's bankruptcy situation unfolds, the sale of shares continues to shape the financial landscape of the estate.

Comments

Latest analytics

Lens Protocol —...

Lens Protocol — Blockchain-Based Decentralized Social Network...

MoneyGram in cryptocurrency:...

MoneyGram in cryptocurrency: the integration of traditional...

Show more

Latest Dapp Articles

Show more

You may also like