FTX is divesting two-thirds of its shares in Anthropic for $884 million, with Abu Dhabi-based investors acquiring the majority of the shares. ATIC Third International Investment Company LLC, associated with the UAE sovereign wealth fund Mubadala, is set to purchase nearly $500 million worth of FTX’s stake in Anthropic, as per a recent court document filed at the U.S. Bankruptcy Court for the District of Delaware.

Furthermore, Jane Street, various Fidelity Management and Research-managed funds, and the venture capital entity HOF Capital, along with 20 other entities, have also agreed to acquire stakes in Anthropic.

All prospective buyers of FTX’s shares in Anthropic can be found in the U.S. Bankruptcy Court Filing.

In 2021, FTX made a significant investment of $500 million in AI startup Anthropic, only to face bankruptcy the following year due to fraud charges. However, Anthropic’s value has since soared with advancements in generative AI, potentially positioning the firm as a competitor to OpenAI.

FTX officials remain optimistic that creditors will recover their dues in full, given the substantial value of FTX’s holding in Anthropic and the reported cash reserves of the estate at around $6.4 billion.

While there were reports of interest from Saudi Arabia-based buyers, Anthropic executives disclosed that Saudi investments were declined due to national security concerns.

For more information, you can read about London Stock Exchange’s plan to list Bitcoin and Ethereum ETNs starting in May.

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