💸 What if FTX had played it clean?
During its peak, FTX made a series of investments that, in hindsight, look borderline genius. The catch: they were funded with customer money.
✅Anthropic — $1.3B → $30B
✅Robinhood — $648M → $4.3B
✅ Solana — $1.2B → $3.8B
Genesis Digital Assets — $1.15B → $2B
✅ K5 Global — $700M → $1.5B
✅ Sui — $102M → $900M
✅ Cursor — $200K → $100M
📊 Total: ~$5.1B → ~$42.6B
Had those bets been made with actual capital instead of client deposits, “Curly Sam” might’ve been remembered as one of the great venture investors of the decade.
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