The equity stake in artificial intelligence firm Anthropic previously offloaded by the FTX estate is now estimated to be worth up to $34.7 billion based on draft initial public offering (IPO) pricing on the Nasdaq. This valuation stands in stark contrast to the proceeds generated by the FTX bankruptcy estate in 2024, which sold the entire holding for $1.34 billion to settle creditor claims.
The hypothetical $34.7 billion valuation in the public stock market today represents nearly 26 times the proceeds from the estate’s sale two years ago. This shift in calculation follows Anthropic’s valuation reaching $965 billion in a May 2026 funding round, thrusting the once-divested asset back into the capital market spotlight.
Two Tranches of Sales and a Roster of Institutional Buyers
FTX, alongside its affiliated trading firm Alameda Research, originally invested $500 million in Anthropic in 2021. That initial investment granted a 13.56% ownership stake before being diluted to approximately 7.84% in early 2024 following subsequent funding rounds. US Bankruptcy Judge John Dorsey approved the share sale in February 2024, even though the divestment had faced objections from some creditors who alleged the investment capital came from customer deposits.
The estate executed the sale of the stake across two separate transactions in 2024. The first tranche took place in April, offloading 29.47 million shares for $884.1 million. In June 2024, the estate sold the remaining 15 million shares for $452 million. The two transactions yielded a total net profit of $836 million above the original capital before factoring in transaction fees.
Buyers of the former FTX shares were dominated by global institutional investors. ATIC Third International Investment, an affiliate of Abu Dhabi-based Mubadala, acquired the largest share, purchasing 16.66 million shares for nearly $500 million. Other buyers absorbing the shares included Jane Street Global Trading, Fidelity Management & Research, HOF Capital, and G Squared, which took a $135 million allocation.
Stock Split Leading to ANT Ticker on Nasdaq
Anthropic’s capital structure underwent a restructuring ahead of its public listing. Anthropic completed a 10-for-1 stock split on September 17, 2026. Through this corporate action, the 44.54 million shares previously sold by the FTX estate are now equivalent to 445.4 million new shares.
Anthropic’s amended prospectus proposes an offering of 825 million Class A shares on the Nasdaq Global Select Market under the ticker ANT. The public offering plan is accompanied by a $26 billion private placement involving Google, Microsoft, Nvidia, AMD, Broadcom, Micron, and TSMC.
Value Contrast at the Bankruptcy Table
For creditors awaiting repayments from the $1.34 billion sale proceeds in 2024, the figures in Anthropic’s IPO prospectus present a stark contrast. The equity stake offloaded by the estate to cover bankruptcy claims is now valued at tens of times that amount on the stock exchange, highlighting the massive valuation shift since the estate concluded the sale two years ago.
Reported by crypto.news.
Read also: How to Read Candlesticks for Beginners
Disclaimer: This article is for informational and educational purposes only, not financial advice. Cryptocurrency assets are highly volatile and carry significant risk. Always do your own research (DYOR) and never invest more than you can afford to lose.
