FTX Derivatives Exchange has recently sold its remaining ownership in the Artificial Intelligence (AI) company Anthropic for approximately $450 million. Effective June 1, FTX Exchange no longer possesses any stake in Anthropic.

The FTX Estate, under the leadership of John Ray III, finalized the sale of its remaining shares in Anthropic, as disclosed in the company's latest submission to the bankruptcy court. Initially holding 15 billion Anthropic shares valued at $30 each, the sale generated proceeds totaling $450 million. Notably, the shares were sold at the same price as the initial sale conducted in March.

Since its initial $500 million investment in Anthropic in 2021, the Bahamian-based exchange has engaged in a series of divestments, culminating in a total profit of approximately $800 million from its Anthropic venture.

Facing mounting legal and operational expenses, compounded by obligations to creditors following the FTX bankruptcy, the company sought approval from the bankruptcy court to proceed with the sale of its Anthropic stake. This strategic move was deemed necessary to fulfill financial obligations and uphold commitments to stakeholders.

Following court approval, FTX executed the sale of $884 million worth of Anthropic shares in the first transaction to institutional investors, including ATIC Third International Investment Company LLC and Jane Street. In the recent sale, G Squared, a global venture capital fund, emerged as the primary purchaser, acquiring 4.5 million shares for $135 million, with additional participation from 20 venture capital funds.

Despite incurring over $700 million in bankruptcy-related expenses, John Ray III remains committed to promptly reimbursing FTX customers, underscoring the company's dedication to fulfilling its financial responsibilities.