Cryptocurrency

Jane

Refund

Million

The interim board of directors of the bankrupt cryptocurrency exchange FTX is preparing to sell two-thirds of its shares in the artificial intelligence company Anthropic. The $884 million sale is part of bankruptcy proceedings, according to recent court documents.
Management plans to sell 29.5 million shares to a group of 24 buyers. The most important among these is Abu Dhabi-based ATIC Third International Investment, which plans to purchase 16.6 million shares for $500 million.
Jane Street, a global trading firm, will purchase 3.3 million shares for $100 million. Funds managed by Fidelity, a multinational financial services company, are also participating in the sale and plan to spend $50 million for 1.5 million shares. The sales are awaiting court approval.
Related News: <a href="https://en.bitcoinsistemi.com/london-stock-exchange-lse-approved-the-launch-of-bitcoin-and-ethereum-etns-here-is-the-date/" target="_blank" rel="noopener noreferrer nofollow">London Stock Exchange (LSE) Approved the Launch of Bitcoin and Ethereum ETNs - Here is the Date</a>
FTX founder Sam Bankman-Fried worked as a trader on Jane Street for three years after graduating from MIT in 2014, leading FTX to acquire a stake in Anthropic three years ago. Originally valued at $500 million, the investment has since appreciated and an 8% stake in the high-profile AI startup is now worth more than $1 billion.
Proceeds from the sale of Anthropic shares will be used to refund customers who suffered losses following FTX's bankruptcy.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/bankrupt-cryptocurrency-exchange-ftx-takes-884-million-step-to-refund-creditor-customers/" rel="noopener noreferrer nofollow">Bankrupt Cryptocurrency Exchange FTX Takes $884 Million Step to Refund Creditor Customers</a>

Bankrupt Cryptocurrency Exchange FTX Takes $884 Million Step to Refund Creditor Customers

Bitcoin Sistemi EN

Other articles published on Mar 25, 2024

Bladeswap – Collect Daily Free Loot Boxes Now!

Shiba Inu Listed by Major Australian Exchange

Base TVL doubles in a month as pundits tip memecoins to drive adoption

Iceland’s Energy Quandary: Bitcoin Mining vs. Agricultural Advancement

XRPArmy Stay Steady-Ripple is About to Flash Massive Bullish Signal; Will It Reach $1?

Dogwifhat Price Prediction: WIF Jumps 25% As This Solana Rival Unleashes A $1M Airdrop

Join our free newsletter for daily crypto updates!