Ethereum

United

Jane

Read

FTX is selling two-thirds of its shares in Anthropic at $884 million, most of which are being acquired by Abu Dhabi-based investors.&nbsp; 
ATIC Third International Investment Company LLC, linked to the United Arab Emirates sovereign wealth fund Mubadala, plans to secure nearly $500 million worth of FTX’s interest in Anthropic. This move came to light through a recent <a href="https://restructuring.ra.kroll.com/FTX/ExternalCall-DownloadPDF?id1=MzA4OTEyMQ==&amp;id2=0&amp;cid=0" target="_blank" rel="noopener">court document</a> filed at the U.S. Bankruptcy Court for the District of Delaware.&nbsp; 
Additionally, Jane Street, various Fidelity Management and Research-managed funds, and the venture capital entity HOF Capital, among 20 other entities, have agreed to acquire stakes. 
<figure class="wp-block-image size-full">
 <img loading="lazy" decoding="async" width="780" height="765" src="https://crypto.news/app/uploads/2024/03/return_label-1.png" alt="FTX to sell $884m Anthropic stake to Abu Dhabi firm, 20 other investors - 18" class="wp-image-14261052">
 <figcaption class="wp-element-caption">
 All prospective buyers of FTX’s shares in Anthropic | Source: <a href="https://restructuring.ra.kroll.com/FTX/ExternalCall-DownloadPDF?id1=MzA4OTEyMQ==&amp;id2=0&amp;cid=0" target="_blank" rel="noopener">U.S. Bankruptcy Court Filing</a>
 </figcaption>
</figure> 
 You might also like: <a href="https://crypto.news/ftx-saga-what-happened-to-ftx/"> FTX saga: what happened to FTX and Sam Bankman-Fried in 2023 </a> 
In 2021, <a href="https://crypto.news/ftx-creditor-claims-former-customers/">FTX</a> made a significant investment of $500 million in AI startup Anthropic, only to face bankruptcy the following year due to fraud charges. Since last year, Anthropic’s value has rapidly increased with the developments surrounding generative AI and the prospect of the firm rivaling OpenAI. 
Given that <a href="https://crypto.news/ftx-saga-what-happened-to-ftx/">FTX’s</a> holding in Anthropic ranks among the most lucrative assets within its portfolio, and with the estate’s cash reserves reported at roughly $6.4 billion previously, FTX officials are optimistic that creditors will fully recover their dues. 
Previously, there were <a href="https://crypto.news/sovereign-funds-circle-ftx-1-billion-shares-anthropic/">reports</a> of interest from Saudi Arabia-based buyers. However, Anthropic executives revealed that Saudi investments were disregarded due to national security matters.&nbsp; 
 Read more: <a href="https://crypto.news/london-stock-exchange-bitcoin-ethereum/"> London Stock Exchange to list Bitcoin and Ethereum ETNs starting in May </a>

FTX to sell $884m Anthropic stake to Abu Dhabi firm, 20 other investors

crypto.news

Weitere Artikel, die am 25. März 2024 veröffentlicht wurden

Ethereum: U.S. investors look for other altcoins as ETH’s price falls

Bitcoin Price Prediction: BTC Pumps 5% As BlackRock Closes On Grayscale And This Green ICO Skyroc...

Analyst Predicts XRP’s Ascent to $1; Breakout Looms as Toncoin Nears ATH; InQubeta (QUBE) Becomes...

Michael Saylor Makes Big Bitcoin Statement as Market Uncertainty Looms

Hillstone Finance (HSF) Price Prediction 2025, 2026, 2027, 2028, 2029 and 2030

JUP up over 50%; Solana ecosystem thrives; GFOX eyes $5 million

Abonniere unseren kostenlosen Newsletter und erhalte tägliche Krypto-Updates!