FTX Misses Out on Multi-Billion Dollar Windfall from Anysphere’s Explosion

The FTX estate has reportedly missed a substantial financial gain after selling off its stake in AI startup Anysphere before its valuation soared to $9 billion. The estate, now navigating bankruptcy proceedings following the company’s collapse, sold its $200,000 stake in April 2023 at cost, significantly earlier than it would have been worth had it held onto the investment. Analysis suggests that the missed opportunity could be worth up to $90 million, even if we consider only a modest 1% stake.