FTX Creditors Sold Potential $500M Anysphere Stake For $200,000 Before Startup’s Valuation Tripled
Posted On May 6, 2025
A previously overlooked stake once tied to the collapsed crypto exchange FTX may now be worth roughly $500 million, following a sharp rise in valuation at one of Silicon Valley’s hottest AI startups.
What Happened: Anysphere, the company behind the AI-powered code-writing assistant Cursor, has raised $900 million in new funding, tripling its valuation to $9 billion, Financial Times reported.
This surge comes just months after FTX creditors offloaded their equity interest in Anysphere for only $200,000, according to a person familiar with the matter.
The massive valuation jump underlines just how costly distressed asset sales can be — and how rapidly AI start-ups are inflating in value.
The new round was led by Thrive Capital, …
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