Coin

<ul class="news-points"> 
 <li>The FTX liquidates the final 15M Anthropic shares at $450 million.</li> 
 <li>FTX’s total earnings from Anthropic shares now hit $1.3B with $800M profit.</li> 
 <li>FTX’s bankruptcy legal and administrative fees reportedly exceed $700M.</li> 
</ul> 
The FTX bankruptcy estate, led by CEO John Ray III, <a href="https://coinedition.com/ftx-customer-refund-plan-plans-to-sell-1b-worth-anthropic-shares/">has divested its remaining stake in the AI startup Anthropic</a>, the creators of the chatbot Claude. The <a href="https://restructuring.ra.kroll.com/FTX/Home-DownloadPDF?id1=MzExNDkzMg==&amp;id2=-1" target="_blank" rel="nofollow">latest</a> bankruptcy filings reveal that FTX sold its final 15 million shares for $30 each, amassing over $450 million from the sale. 
This transaction marks a substantial return on FTX’s initial $500 million investment in Anthropic. Total earnings now reach approximately $1.3 billion, resulting in a $800 million profit. Notably, the share price remained consistent with the first sale conducted in March. 
In this latest round of sales, the primary purchaser was the global venture capital fund G Squared, which acquired around one-third of the shares on offer, amounting to 4.5 million shares for $135 million. Venture capital funds also represented most of the other 20 purchasers of Anthropic shares. 
Meanwhile, the FTX bankruptcy continues…
The post <a href="https://coinedition.com/ftx-sells-off-ai-startup-shares-for-450m-amid-700m-bankruptcy-cost/">FTX Sells Off AI Startup Shares for $450M Amid $700M Bankruptcy Cost</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

FTX Sells Off AI Startup Shares for $450M Amid $700M Bankruptcy Cost

Coin Edition

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