Bankrupt cryptocurrency exchange FTX has reached an agreement to sell the majority of its stake in AI startup Anthropic for $884 million. The largest buyer was a group associated with the UAE sovereign wealth fund Mubadala. The group is buying nearly $500 million worth of Anthropic shares, CNBC reports.
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The second-largest buyer of Anthropic shares is Jane Street, the trading firm where FTX founder Sam Benkman-Fried worked. Caroline Ellison, the former CEO of hedge fund subsidiary FTX Alameda Research, also formerly worked for Jane Street. The company is buying shares worth about $100 million.
Jane Street head of quantitative research Craig Falls also offered to personally buy shares worth about $20 million.
HOF Capital, the Foundation Fund and funds managed by Fidelity Management are also on the list of companies buying Anthropic shares.
It should be noted that the sale of shares has yet to be approved by Judge John Dorsey, who is hearing the FTX bankruptcy case in Delaware .
Investment in Anthropic
Under Benkman-Fried's leadership, FTX invested $500 million in Anthropic, a company founded by former OpenAI employees in 2021, before the generative AI boom.
In December 2023, the company's valuation reached $18 billion, which means that FTX's approximately 8% stake would be worth approximately $1.4 billion.
The sale of Anthropic shares would be a big win for FTX, which in January pledged to return its clients 100% of the value of their assets at the time of the company's bankruptcy.
Recall
The Ministry of Finance wrote that the FTX cryptocurrency exchange refused to restart the platform and will undergo a liquidation process, thanks to which it plans to pay clients money . Company lawyer Andy Dietderich stated this in court.
