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💸 FTX Sold Cursor Stake for $200K
FTX sold its stake in Cursor for $200,000, the original investment amount, during the exchange's liquidation.
In 2022, Alameda, the FTX fund, invested $200,000 in Anysphere, the developer of Cursor, acquiring about 5% of the company.
Despite Cursor now being valued at over $50 billion, this stake was sold for the initial investment during FTX's bankruptcy process.
At current valuations, the stake could have been worth approximately $2.5 billion.