FTX to sell $884M of Anthropic shares: Court filing

Jane Street, a Mubadala-linked fund and Fidelity-linked funds are some of the top buyers, according to court documents

article-image

Kiran Jyothi VP/Shutterstock modified by Blockworks

share

The FTX estate filed to sell most of its stake in Anthropic for $884 million, according to court documents. 

The documents show that the largest purchaser of shares will be ATIC Third International Investment Company, buying up 16 million shares for nearly $500 million. ATIC is associated with Mubadala, which is tied to the Abu Dhabi government.

Jane Street would buy nearly $100 million worth of shares. “Certain funds managed by Fidelity Management & Research Company LLC” will buy nearly 1.5 million shares for over $44 million. 

Read more: FTX CEO says former exchange faces $9B in government claims

FTX’s Anthropic stake sits around 8%. Under the helm of previous CEO Sam Bankman-Fried, FTX purchased the stake for $500 million in 2021. 

Objections to the sales have to be filed by April 1, the documents — filed on March 22 — show. 

The AI company has since boomed, increasing the value of FTX’s stake to over $1 billion based on a 2023 valuation. 

Read more: FTX can sell its Anthropic stake, judge rules

In earlier court filings, FTX debtors said that they planned to sell “all or portions of Anthropic Shares at different times, and by different means,” to “help the Debtors monetize their interest.” The sales, they added, would happen at “optimal” times.

Earlier this year, the bankruptcy judge overseeing the estate’s case gave FTX the go-ahead to unload the company’s stake. 

According to a previous update from the debtors, FTX believes it can repay its customers in full, partially due to the sale of its shares in Anthropic.

The FTX estate, earlier this year, also added that it has no plans to reboot the exchange after bidders fell through

The former crypto exchange also unloaded its GBTC — Grayscale’s bitcoin ETF — holdings, worth nearly $1 billion according to multiple media reports in January.


Start your day with top crypto insights from David Canellis and Katherine Ross. Subscribe to the Empire newsletter.

Explore the growing intersection between crypto, macroeconomics, policy and finance with Ben Strack, Casey Wagner and Felix Jauvin. Subscribe to the Forward Guidance newsletter.

Get alpha directly in your inbox with the 0xResearch newsletter — market highlights, charts, degen trade ideas, governance updates, and more.

The Lightspeed newsletter is all things Solana, in your inbox, every day. Subscribe to daily Solana news from Jack Kubinec and Jeff Albus.

Tags

Upcoming Events

Javits Center North | 445 11th Ave

Tues - Thurs, March 18 - 20, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

Brooklyn, NY

TUES - THURS, JUNE 24 - 26, 2025

Permissionless IV serves as the definitive gathering for crypto’s technical founders, developers, and builders to come together and create the future.If you’re ready to shape the future of crypto, Permissionless IV is where it happens.

recent research

Research Report Templates.png

Research

An overview of the Base Ecosystem, with a focus on market leaders.

article-image

Although bitcoin hitting $120k by year’s end is looking unlikely

article-image

About 270 million HYPE has been claimed, valued around $7.6 billion

article-image

Stanford professors David Mazières and Dan Boneh will lead the lab alongside a cohort of graduate student researchers

article-image

With more companies holding BTC, bitcoin yielding strategies could become “a new corporate finance norm,” CoinShares posed

article-image

The proposal comes after Polygon governance considered a controversial use of bridged liquidity for yield

article-image

Can the community balance its decentralized ethos with the need for inclusivity and constructive debate?