FTX Didn’t Just Collapse: It Walked Away From a Potential $100 Billion Portfolio

• Crypto Rover said FTX’s investment portfolio could be worth more than $100 billion today if the exchange had not collapsed.
• The biggest missed upside came from Anthropic, where FTX’s old 8% stake could now be worth about $88 billion at a $1.1 trillion valuation.
• FTX also exited positions in Robinhood, Cursor, and SUI long before those assets reached much higher values.

FTX did not only implode under the weight of fraud and misuse of customer funds. It also left behind what may have become one of the most valuable mixed crypto and tech portfolios in the market.

FTX’s collapse is usually framed around missing customer assets, courtroom fallout, and the destruction of trust across crypto. A new angle pushed by Crypto Rover now highlights something else: the exchange may also have walked away from a portfolio that could be worth more than $100 billion today.

The largest missed win was Anthropic. According to the figures shared in the post, FTX invested $500 million for an 8% stake and later sold that position for just $880 million after bankruptcy. At a reported $1.1 trillion valuation, that same stake would now be worth about $88 billion. That single position alone would account for most of the headline total.

Anthropic Leads the List, But It Was Not the Only Major Miss

The second major example was Robinhood. FTX acquired a 7.6% stake for about $648 million. According to the same post, that position would have been worth around $10 billion at Robinhood’s peak last year.

Then came Cursor, one of the most striking AI-era what-if stories tied to the old Alameda and FTX portfolio. FTX reportedly bought 5% of Cursor for just $200,000 and sold it in 2023 for the same amount. Now, with SpaceX reportedly holding an option to acquire Cursor at $60 billion, that same stake would imply a value near $3 billion.

That figure should still be treated as a simple headline estimate. Startup stakes often get diluted over time. Even so, the gap between a $200,000 exit and a multi-billion-dollar implied value shows how much upside FTX may have abandoned.

SUI Deepens The Scale of The Missed Opportunity

The fourth example in the post was SUI. FTX reportedly secured 888 million SUI tokens through a $100 million investment in Mysten Labs. After bankruptcy, that stake was sold for $96 million. At its reported 2024 peak, the same holding would have been worth about $4.8 billion.

Additionally, Crypto Rover noted that FTX also had exposure to SOL, APT, and several other tokens. That means the $100 billion figure is not being driven by one asset alone. Anthropic dominates the total, but the broader portfolio included a series of investments that later re-rated sharply higher across both crypto and AI.

The Collapse Did More Than Freeze Assets

The main point is not that every estimate would have converted perfectly into realized gains. Some stakes may have been diluted, some tokens may have faced lockups, and some valuations may not have held. However, the broader conclusion remains powerful. Bankruptcy forced FTX to liquidate assets before its biggest repricing cycles arrived.

FTX did not just collapse. It sold off what may have become a massive portfolio spanning AI, public equities, and crypto infrastructure. Under different circumstances, Anthropic, Robinhood, Cursor, and SUI alone could have turned the estate into one of the largest pools of venture-style value in the industry. Instead, those investments became part of the long list of things FTX lost when the exchange failed.

Related: CZ Reveals SBF Casually Asked for $6B Bailout Before FTX Collapse