🛸 CASE FILE #321

FTX'S $500M ANTHROPIC BET COULD HAVE BEEN WORTH $100 BILLION.

Sam Bankman-Fried's FTX invested $500 MILLION in Anthropic before its collapse.

The bankruptcy estate sold the stake in 2024 for nearly $1.3 BILLION.

At Anthropic's reported $1.5–1.75 TRILLION IPO valuation, that original stake could theoretically be worth over $100 BILLION, assuming no dilution.

The irony? One of FTX's biggest investments may have become its greatest missed opportunity.

Was selling early unavoidable or a historic missed opportunity?