FTX to Sell $884M Stake in AI Firm Anthropic Amid Bankruptcy Proceedings

The sale aims to reimburse clients and features top buyers like ATIC, linked to Abu Dhabi's government, and firms such as Jane Street and Fidelity.

FTX estate files to sell most of its stake in Anthropic for $884 million, with top buyers including ATIC Third International Investment Company, Jane Street, and Fidelity-linked funds.
ATIC, linked to Abu Dhabi's government, to purchase 16 million shares for nearly $500 million, marking the largest share acquisition.
Sale part of bankruptcy proceedings, aimed at reimbursing clients who lost money after the crypto exchange's collapse.
FTX's stake in Anthropic, initially purchased for $500 million in 2021, has increased in value due to the AI company's growth.
Objections to the sales must be filed by April 1, according to court documents filed on March 22.