FTX Excess Compensation Expected? Anthropic Shares to be Sold for £880 Million, Largest Buyer Revealed

Bankrupt cryptocurrency exchange FTX has reached an agreement with 24 buyers, including Abu Dhabi sovereign wealth fund Mubadala’s investment company, to sell two-thirds of its stake in AI startup Anthropic for $884 million to repay creditors. The transaction is still pending court approval.
(Previous summary:
FTX fully compensates! Court approves sale of AI startup Anthropic shares worth £1.4 billion)
(Background supplement:
Exceeding ChatGP-4? AI startup Anthropic releases new chatbot Claude 3: Reads 10,000 words in seconds, doubling accuracy)
FTX founder and former CEO SBF invested $500 million in AI startup Anthropic in October 2021. With the surge in Anthropic’s valuation, FTX requested court approval last month to sell approximately 8% of its stake in Anthropic. FTX plans to sell 29.5 million shares of Anthropic, equivalent to two-thirds of its total holdings, for $884 million, to 24 buyers according to court documents dated March 22.
The largest buyer is Abu Dhabi sovereign wealth fund Mubadala’s investment company ATIC Third International Investment, which invests $500 million to purchase 16.6 million shares. The second-largest buyer is Jane Street, which invests $100 million to purchase 3.3 million shares. The third-largest buyer is Fidelity’s fund, which invests $50 million to purchase 1.5 million shares.


FTX’s plan to sell Anthropic shares.
Jane Street’s Quantitative Research Director, Craig Falls, also proposed buying shares worth approximately $20 million in his personal capacity. The buyer list also includes venture capital funds HOF Capital and the Ford Foundation.
According to CNBC, several sovereign wealth funds sought to acquire FTX’s Anthropic shares, but Saudi Arabia was explicitly excluded due to national security concerns. Saudi Arabia has invested billions of dollars in technology funds to attract talent from the United Arab Emirates and diversify from its oil business.
The aforementioned plan for FTX to sell Anthropic shares is still subject to approval by Judge John Dorsey, who is responsible for FTX’s bankruptcy case in Delaware.
As the value of FTX’s liquidated assets increases, some members of the community are beginning to expect additional compensation. After all, besides stablecoin holders, if cryptocurrency holders suffer significant losses (e.g., BTC compensation calculated at $16,870), they hope to receive additional compensation.
Further reading:
FTX promises full compensation, but victims should not rejoice too soon, compensation based on BTC $16,870, ETH $1,258, SOL $16…
Meanwhile, SBF’s trial will officially begin on the 28th of this month. The U.S. prosecution has requested a sentence of 40 to 50 years for SBF. Last week, John Ray refuted the claim that SBF did not suffer any losses during the 2022 collapse and argued that many FTX users are still dissatisfied with the valuation of their assets. The compensation is based on the value at the time of bankruptcy and not the currently much higher value.
Further reading:
SBF argues that “users did not suffer losses” and should not be heavily sentenced! Current CEO of FTX angrily rebuts: Only 105 bitcoins were left when taking over…


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