Summary
- Alameda Research, an FTX affiliate, sold its 5%% pre-seed stake in Anysphere for about $200,000.
- The stake could now be worth several billion dollars based on the company's recent valuation.
- With Elon Musk's SpaceX reportedly considering an offer of about $60 billion for Anysphere, FTX's sale of the investment asset is being viewed as a major missed opportunity.
Forecast Trend Report by Period
FTX, the bankrupt cryptocurrency exchange, sold a stake in an artificial intelligence startup it had previously backed for roughly its original investment.
Wu Blockchain reported on April 22 that Alameda Research, an FTX affiliate, participated in the April 2022 pre-seed round of Anysphere, the developer of Cursor. It invested about $200,000 and acquired roughly a 5% stake.
That stake was later sold for the same $200,000 during FTX's bankruptcy liquidation process.
Anysphere's valuation has recently surpassed $50 billion in fundraising talks, according to reports. At that level, the stake could now be worth several billion dollars.
Reports that SpaceX, Elon Musk's company, is considering an offer of about $60 billion to acquire Anysphere have further fueled the view that FTX's sale of the investment resulted in a major missed opportunity.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
