In November 2022, Sam Bankman-Fried announced the bankruptcy of the FTX exchange, after debts accumulated to $9 billion, amid accusations of mismanagement and the company’s assets being squandered in high-risk investments.

But less than four years later.. the irony is astonishing.

In April 2026, estimates indicate that if FTX had held out and kept its investments, it would have owned a portfolio worth today at about $114 billion.

📌Key investments:

📍Anthropic

Held an 8% stake for $500 million, later sold for $1.3 billion… but is now valued at about $82.3 billion (165 times).

📍SpaceX

A stake now valued at $15 billion (, growing by about 75 times).

📍Solana

An early investment priced at $8, which rose to $64, with a total value of $5.1 billion.

📍Robinhood

A stake now valued at $4.9 billion (8 times).

📍Genesis Digital Assets

Its value reached about $3.5 billion (3 times).

📍Cursor

An investment of $200,000 for 5%… sold at the same price after bankruptcy.

Today? And after a potential deal with SpaceX worth $60 billion, the stake would have been $3 billion (15,000 times).

📌The biggest irony
The bankruptcy committee succeeded in recovering $18 billion for users by selling these investments, and considered it an important achievement for repaying creditors with profits.

But if these investments had been kept, their value today would have been more than $114 billion, and possibly one of the largest venture capital portfolios in history.

A harsh irony in the world of investing reveals that sometimes timing is just as important as the decision.
$BTC