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FTX is looking to sell a majority of its shares in artificial intelligence startup Anthropic to over 20 buyers, including an Abu Dhabi investment company and Jane Street Global.
Topping the list of buyers is ATIC Third Investment Company LLC, which would purchase 16,664,167 shares for nearly $500 million. ATIC is a wholly-owned firm of the government-owned Abu Dhabi sovereign wealth fund, Mubadala. Other purchasers include certain funds managed by Fidelity Management and Research, which will spend $45 million to buy approximately 1.5 million shares, Craig Falls, and the Ford Foundation, among others.
FTX’s investment more than doubled in value in 2023 to around $1.4 billion after Anthropic’s value also skyrocketed, coupled with increased interest in the artificial intelligence sector. In February 2024, FTX gotIn addition to the proceeds that would come from the proposed sale of the Anthropic shares, FTX also has $6.4 billion in its reserves. The funds could make it possible for creditors of the collapsed crypto firm to get repaid in full.
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