Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
FTX, the bankrupt cryptocurrency exchange, has sold its remaining 15 million shares in the artificial intelligence startup Anthropic for $30 per share, netting over $450 million. Initially, FTX invested $500 million in Anthropic, and the sale has led to a total gain of $1.3 billion. The sale comes as the costs associated with FTX's bankruptcy have surpassed $700 million, largely due to legal and administrative fees. The attempt to sell the shares was first made in June 2023 but was halted. The subsequent rise in the value of Anthropic shares, driven by the booming AI sector, resulted in significant profits for FTX.
FTX first tried to sell its Anthropic shares in June 2023, but the attempt was halted. Since then, the trendy AI sector drove up the value of Anthropic shares, resulting in over $800m in profits https://t.co/J5WdY7LR3i
New @FTX_Official management sells remaining @AnthropicAI shares for $450m as legal fees of bankruptcy hit staggering $700m👀 https://t.co/4QNUqgpBYo
🚨 Bankrupt crypto exchange #FTX has sold its remaining 15 million shares in AI startup #Anthropic for $30 per share, netting over $450 million. #FTX initially invested $500 million in Anthropic, ultimately gaining $1.3 billion in total. However, the legal and administrative…
