What happens to those $500 mil shares depends almost entirely on Anthropic’s governing documents, which are not public AFAICT. It could be they are entirely non-voting class shares. The FTX estate/bankruptcy trustee will try to liquidate them, i.e. will try to sell the shares. Whether there are limitations on who they can sell the shares to also depends on Anthropic’s governing documents. I know Anthropic has some bespoke governance structure, but I don’t know the specific terms.
From the little I know about Anthropic, getting anything like dollar-for-dollar on those shares is going to be very hard.
Also, my guess is that these shares were held by SBF and he just intermingled his funds with FTX’s based on the leaked balance sheet. Which isn’t to say that they won’t be taken by the FTX estate—very likely they will—but it’s a complication because they’ll have to prove they can reach SBF’s personal assets first (at this point, won’t be hard).
What happens to those $500 mil shares depends almost entirely on Anthropic’s governing documents, which are not public AFAICT. It could be they are entirely non-voting class shares. The FTX estate/bankruptcy trustee will try to liquidate them, i.e. will try to sell the shares. Whether there are limitations on who they can sell the shares to also depends on Anthropic’s governing documents. I know Anthropic has some bespoke governance structure, but I don’t know the specific terms.
From the little I know about Anthropic, getting anything like dollar-for-dollar on those shares is going to be very hard.
Also, my guess is that these shares were held by SBF and he just intermingled his funds with FTX’s based on the leaked balance sheet. Which isn’t to say that they won’t be taken by the FTX estate—very likely they will—but it’s a complication because they’ll have to prove they can reach SBF’s personal assets first (at this point, won’t be hard).