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Add as a preferred source on GoogleAnthropic Plans 5% Stake for Public Benefit Fund as Musk Urges Direct Distribution
The fund’s share contribution could grow by 2% for every 50% increase in Anthropic’s valuation, reaching about 20%. Musk called for shares to go directly to the public.
Anthropic announced a plan to place an initial 5% of its shares in Anthropic Public Benefit Fund, a wholly owned entity devoted to public benefit. Elon Musk urged the company to distribute shares directly to the public.
Anthropic could add shares equal to 2% of the company for each 50% increase in its valuation from a set baseline. The fund’s share contribution could eventually reach about 20%.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.