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- As of December, Anthropic was worth $18B, and Alameda had a roughly $1.4 billion stake.
- In a similar move, FTX sought to sell a $175 million claim against Genesis Global Capital.
Court documents filed on February 3 show that defunct cryptocurrency exchange FTX is requesting permission to sell all of its shares in artificial intelligence company Anthropic. FTX moved the US Bankruptcy Court for the District of Delaware to sell Alameda Research’s Anthropic Series B Preferred Stock and any rights or interests therein.
In April of 2022, seven months before his business crumbled in November of the same year, Sam Bankman-Fried (SBF), the former CEO of the exchange, spent around $530 in Anthropic. Evidence produced at Bankman-Fried’s court trial in October 2023 indicated that the first funding for the AI firm came from FTX client accounts.
Repaying Creditors and Customers in Full
Following the closing of Anthropic’s Series B fundraising in April 2022, Alameda owned about 13.56% of the company. In subsequent rounds of fundraising, Anthropic issued more stocks, reducing Alameda’s stake to 7.84% as of January. As of December, Anthropic was worth $18 billion, and Alameda had a roughly $1.4 billion stake in the firm.
In addition, FTX hopes to have its sale motion reviewed more quickly so that it may be resolved at the next bankruptcy court hearing on February 22.
In an attempt to recoup losses and pay back clients in full, FTX’s new management has decided to divest from Anthropic. FTX’s legal counsel, Andy Dietderich, recently rejected attempts to relaunch the exchange and said during a court hearing that FTX has the ability to repay its customers and creditors in full.
In a similar move, FTX sought to sell a $175 million claim against the insolvent digital financial services company Genesis Global Capital on February 1st.
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