Summary
FTX has agreed to sell its 29.4 million shares of AI developer Anthropic for $884 million to make financial amends for losses in the collapse. The sale was approved by a federal judge, with top bidder ATIC Third International Investment Company purchasing 16.6 million shares for $500 million. Anthropic itself and other entities are also buying shares. FTX has previously sold off assets to repay creditors.
Key Points
1. FTX has agreed to sell its 29.4 million shares of AI developer Anthropic to make financial amends to people and businesses that suffered losses in the collapse of the crypto exchange.
2. The shares are being bought by a diverse group of entities, including ATIC Third International Investment Company, Jane Street Global Trading, and funds managed by Fidelity Management & Research Company.
3. FTX has also sold other assets, such as derivatives trading platform LedgerX for $50 million and $3.4 billion in Solana, Ethereum, and Bitcoin.