Assuming that the investment was made by one of the entities that filed for bankruptcy protection (which seems likely based on filings), bankruptcy trustees gen

Assuming that the investment was made by one of the entities that filed for bankruptcy protection (which seems likely based on filings), bankruptcy trustees generally attempt to sell the equity that the company purchased. In general, that’s because the the clawback period is short: 90 days before filing unless the transaction was between insiders (which no one has alleged of the Anthropic investment). In this specific case, the equity has probqbly appreciated. OpenAI is Anthropic’s closest comparable and its valuation went through the roof. Even after allowing for transaction costs, FTX trustees will probably get more for the equity than it cost. So, the question is likely this: who will buy a ~10% stake in Anthropic?