The estate of collapsed crypto exchange FTX holds a diluted 7.84% stake in artificial intelligence company Anthropic, according to Reuters. At Anthropic's latest reported valuation of approximately $965 billion, that stake is now worth about $75 billion before further dilution.
That figure far exceeds FTX's estimated customer shortfall of $8 billion to $9 billion, which the bankruptcy process aims to repay. The estate previously sold portions of the Anthropic stake during bankruptcy proceedings to generate liquidity for creditors.
Anthropic's valuation has skyrocketed amid a broader AI boom, with the startup competing directly against OpenAI. The company has not confirmed whether it plans to pursue an initial public offering, though Reuters reported OpenAI has filed for one.
For FTX creditors, the windfall raises the possibility of full recovery—and potentially more—if the remaining stake is liquidated at current valuations. The bankruptcy court must approve any sale, and timing remains uncertain.
Some legal experts caution that further dilution or a market downturn could reduce the eventual payout. The estate has not publicly commented on the stake's current value.