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(Nikhilesh De/ CoinDesk) [LXF2COBSKB] 10 Years of Decentralizing the Future May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now The FTX bankruptcy estate has reached a deal to sell the majority of its shares in artificial intelligence startup Anthropic to two dozen institutional investors, raising $884 million. According to Friday court filings, the top buyer is ATIC Third International Investment Company, a tech investment company wholly owned by the government of Abu Dhabi's sovereign wealth fund, Mubadala. ATIC has agreed to purchase 16,664,167 shares of Anthropic from FTX for $500 million. Other buyers include Jane Street Global Trading - an affiliate of the erstwhile employer of former FTX CEO Sam Bankman-Fried - "certain funds" tied to Fidelity Investments and The Ford Foundation. The sale of the Anthropic shares is a big win for the FTX estate, which pledged in January to pay back the defunct exchange's customers 100% of the value of their holdings at the time of the exchange's collapse. FTX's FTT token climbed 10% on the news. FTX and Alameda paid $500 million for the 8% stake in Anthropic in 2021. The subsequent AI boom fueled by ChatGPT's soaring popularity caused the value of the shares to more than double by the time a New York bankruptcy judge gave the estate permission to sell them in February. Read more: A Year After Sam Bankman-Fried's Downfall, Solana and Other FTX Holdings Are Flying High An earlier attempt to sell the shares in June 2023 ultimately fell through after months of due diligence stalled. The profitable sale is in stark contrast to the firesale of other FTX assets, including the sale of LedgerX last year for $50 million. The exchange's U.S. arm paid $298 for the firm in 2021. Edited by Nick Baker. Disclosure Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation. Cheyenne Ligon Cheyenne Ligon Cheyenne Ligon is a CoinDesk news reporter with a focus on crypto regulation and policy. She has no significant crypto holdings. 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