Bitrabo Editorial
The FTX bankruptcy estate has been liquidating assets to repay former customers of the defunct exchange. In the latest development, the estate sold its remaining shares in the artificial intelligence startup Anthropic.
FTX Earns $800 Million from Anthropic Shares Sale
FTX estate sold 15 million Anthropic shares at $30 per share, totaling over $452 million. The top buyer in this sale is G Squared, a venture capital fund, acquiring 4.5 million shares for approximately $135 million.
The sale occurred after FTX previously sold most of its Anthropic shares for $900 million, amounting to a total of $1.3 billion from the selloff. Originally, FTX and Alameda purchased an 8% stake in Anthropic for $500 million in 2021.
Aside from the Anthropic shares, FTX also plans to sell real estate properties acquired pre-bankruptcy.
FTX Bankruptcy Fees Exceed $700 Million
According to a bankruptcy expert report, FTX’s bankruptcy costs have surpassed $700 million due to legal and administrative fees incurred since the exchange’s collapse.
Consulting firm Alvarez & Marsal earned the most at $212 million, followed by FTX’s legal counsel Sullivan and Cromwell at $202 million. FTX CEO John Ray’s bill amounted to $5.6 million with an hourly rate of $1,300.