Over $30 billion worth of Anthropic shares were sold early by FTX.
According to Anthrop's latest prospectus, the company plans to offer 825 million Class A shares at $70-78 each, implying a value of $1.2-1.4 million. FTX and partners invested about $500 million in 2021-2022 for an initial stake of about 8%, now worth about $31.2 billion to $34.7 billion in the offering range. However, during the bankruptcy restructuring in 2024, FTX trustees fully liquidated the shares in groups of about $30 per share to ensure liquidity for cash payments, returning only about $1.34B. Since FTX owed creditors about $11.2 billion at the time of collapse, keeping the stock would have repaid the entire debt nearly 3 times.