Anthropic S-1 discloses: In October 2025, it repurchased seized shares from the U.S. government for about $627 million and resold them at the same price
Anthropic’s S-1 filed with the U.S. Securities and Exchange Commission on October 26 disclosed that in October 2025, the company repurchased 4,453,900 Series B redeemable convertible preferred shares from the U.S. government at a price of $140.9676 per share, for a total of about $627 million. The filing said these shares had previously been forfeited by the original holder in legal proceedings unrelated to the company.
At the same time, Anthropic resold these shares at the same price to 9 qualified investors, and the company received no net proceeds from the transaction. The related funds have been used by the FTX bankruptcy estate to repay creditors.
Based on market reports of valuation discussions ahead of Anthropic’s imminent Nasdaq listing under the ticker ANT, at about $1.5 trillion, this batch of shares is currently worth about $3.94 billion. The S-1 does not disclose the identity of the original holder or the identities of the 9 transferees.
Original sources:
Title: Anthropic S-1: Part II Item 15 Recent Sales of Unregistered Securities Publisher: Soundcast (citing SEC S-1) Publication date: 2026-10-26 URL：https://anthropic.soundcast.cc/filing/part-ii-item-15-recent-sales-of-unregistered-securities/ Source nature: Excerpt from S-1 filing Verification: the full excerpt was read in this instance, verification date 2026-10-28 Supporting content: confirms repurchase in October 2025 of 4,453,900 Series B shares from the U.S. government at $140.9676 per share, totaling about $627 million, resold at the same price to 9 qualified investors with no net proceeds
Title: The feds made $627 million selling Anthropic stock from SBF's friends — but could have made billions Publisher: Business Insider Publication date: 2026-10-26 URL：https://www.businessinsider.com/federal-government-sold-anthropic-shares-sam-bankman-fried-friends-2026-10 Source nature: Media report Verification: the full report was read in this instance, verification date 2026-10-28 Supporting content: confirms the S-1 disclosure, that the proceeds were used by the FTX bankruptcy estate to repay creditors, and that the current value is about $3.94 billion based on a valuation of about $1.5 trillion
ABAB AI Insight
The transaction took place in the context of Anthropic filing its S-1 and preparing to list on Nasdaq under the ticker ANT. The S-1 clearly records that the repurchase price matched the prior financing round price, and that the company received no net proceeds, indicating that the main purpose of the transaction was to clear title to the forfeited shares rather than to carry out a capital maneuver.
The proceeds flowing to the FTX bankruptcy estate directly link the disposition of this batch of shares to repayment of FTX creditors. Unlike the 2024 sale by the FTX bankruptcy estate of Sam Bankman-Fried’s own Anthropic shares, totaling $1.3 billion, this batch came from a criminal forfeiture proceeding rather than from the bankruptcy process itself.
Based on the listing valuation discussed in reports, the shares’ current value is significantly higher than the government’s sale price. The key watch item is whether subsequent S-1 amendments disclose the identities of the transferees, and the lock-up arrangement for this batch of shares after listing.
ABAB News · Law of Cognition
Criminally forfeited shares were repurchased by the company and then resold at the same price by targeted placement, separating the original holder’s exit path from the final beneficial investors before the listing.
The government exited at a fixed price while the shares were repriced after the valuation rose, reflecting the mismatch between the timing of forfeited-asset disposal and the timing of the company’s financing/listing.