FTX’s investment arm disposed of an early stake in Cursor at its original entry price during bankruptcy-related asset sales.

Deal background

In 2022 Alameda invested $200 000 into Anysphere, the developer behind Cursor, acquiring roughly 5% of the company.

Sale during bankruptcy

During the FTX bankruptcy process that stake was sold for the same $200 000 amount, matching the initial investment figure.

Current valuation implication

With Cursor’s valuation reported above $50 billion, a 5% holding would translate to about $2.5 billion in value today.

Context and significance

The transaction illustrates how early strategic holdings can diverge markedly from eventual market valuations as startups scale and receive new financing rounds.