Anthropic’s filing for a proposed Nasdaq listing under ticker ANT has renewed attention on FTX’s sale of its stake in the artificial intelligence company. The S-1 registration statement, submitted to the U.S. Securities and Exchange Commission on Oct. 26, did not specify a share count or price range. The Wall Street Journal has reported a potential IPO valuation of $1.5 trillion to $2 trillion, and applying FTX’s former 7.84% ownership stake to the lower end produces a hypothetical undiluted value of $117.6 billion.
FTX’s bankruptcy estate sold its Anthropic shares in two 2024 transactions for roughly $1.3 billion. In February 2024, U.S. Bankruptcy Judge John Dorsey authorized the sale over initial customer objections. By March 2024, the estate arranged to sell about two-thirds of the holding for $884 million, with Abu Dhabi-linked ATIC Third International Investment Company as the largest buyer. Jane Street, Fidelity-managed funds and HOF Capital were also identified as purchasers. The remaining 15 million shares were sold at about $30 each, generating more than $450 million; G Squared bought 4.5 million shares for $135 million.
Separately, the U.S. government sold approximately $627 million worth of Anthropic shares forfeited by former Alameda Research CEO Caroline Ellison and former FTX engineering director Nishad Singh. According to Anthropic’s S-1, 4,453,900 Series B preferred shares were repurchased at $140.9676 each and resold to nine accredited investors in October 2025. The original combined investment was about $50 million at roughly $11.23 per share. The U.S. Department of Justice transferred about $638 million to the FTX bankruptcy estate for creditor compensation. At a hypothetical $1.5 trillion valuation, that forfeited equity could be worth about $3.94 billion, though the figure is not a realized transaction price.
Anthropic’s valuation has climbed rapidly: a $30 billion Series G round in February 2026 at a $380 billion post-money valuation and a $65 billion round in May at $965 billion. FTX’s confirmed bankruptcy plan bases customer recoveries on dollar claims from the November 2022 collapse. The estate previously projected $14.7 billion to $16.5 billion in distributable property and said 98% of creditors by number would receive approximately 119% of allowed claims. A second distribution of more than $5 billion was scheduled for May 30, 2025, with payment rates varying by claim class.
