Leopold Aschenbrenner at one point agreed to sell roughly $3.5 billion worth of Anthropic equity when funding pressure was at its peak, according to ChainCatcher. The buyers were investors led by Greenoaks and Sequoia Capital. The deal was reached late Wednesday night, then pulled back the following morning. After that reversal, the fund moved to sell most of its public stock holdings and used the proceeds to repay borrowings. As a result, Leopold kept his stakes in Anthropic and other private companies. In a letter to investors, he said the fund chose to give up public equity positions in order to remove leverage and preserve its private investments. The report outlines a short-lived transaction that was replaced by a different liquidity plan focused on public-market assets rather than private holdings.
Leopold Aschenbrenner briefly agreed to sell about $3.5 billion worth of Anthropic shares when funding stress was at its worst, according to ChainCatcher. The buyers were investors led by Greenoaks and Sequoia Capital.
The transaction was agreed late Wednesday night, but it was withdrawn the next morning. The fund then shifted course and sold most of its public stock holdings, using the proceeds to repay borrowings.
That left Leopold holding on to stakes in Anthropic and other private companies. In a letter to investors, he said the fund chose to sacrifice its public equity positions to clear leverage and keep its private investments.
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