I’ll share an interesting story
$206 billion. If SBF had not sold a single FTX share at the moment of its collapse, today their value would be exactly that.
Anthropic is $170.5 billion—up by 340 times.
$SPCX —$15.1 billion—up by 75 times. SOl $7 billion—up by 35 times.
Robinhood — $6.7 billion—up by 11 times. Cursor — $3 billion—up by 15000 times.
Genesis Digital mining farm — $3.5 billion. In total, $206 billion—enough for him to make it into the top ten richest people in the world.
One person simultaneously owns shares in $ANTHROPIC , Spacex, and Solana—in this space, I can’t name anyone else like him. He truly has a knack.
He bet with clients’ money. As soon as the hole became obvious, FTX went bankrupt, and these shares were sold at the lowest prices. The proceeds, valued at the day of bankruptcy, were returned to creditors. Not a cent of these 340× profits did SBF get—he’s still in prison.
I’m well familiar with the situation where you have to sell under compulsion. Three years ago $SOL cost a few dollars; a friend of mine completely liquidated her positions to cover margin on contracts. She left not a single coin—now the price is $122. The difference is that she sold her own assets, and he—other people’s money.