FTX missed out on $500 million after selling Anysphere’s Cursor AI stake for just $200K

By: cryptosheadlines|2025/05/06 22:45:01

Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com Bankrupt FTX has missed out on nearly half a billion dollars in potential profit after liquidating its early stake in Anysphere, the company behind the fast-rising AI code editor Cursor.The now-defunct crypto exchange, through its trading arm Alameda Research, had invested $200,000 in Anysphere during its 2022 seed round.However, bankruptcy managers sold the stake for the same amount in 2023, long before the company’s value surged.FTX’s Anysphere (Cursor AI) Investment Sales. (Source: Gautham Elango)On April 5, Anysphere completed a funding round that pushed its valuation to $9 billion. The round brought in $900 million and included major investors like Thrive Capital, Andreessen Horowitz, and Accel.In January this year, the company raised $150 million at a $2.5 billion valuation. Since then, Cursor’s user base and revenue have grown rapidly, with the firm reportedly pulling in around $200 million in April alone.Based on Anysphere’s current valuation, Alameda’s original $200,000 investment would now be worth close to $500 million.That unrealized gain could have been used to compensate FTX creditors, many of whom are still waiting to recover their lost assets.FTX’s undervalued salesMeanwhile, this isn’t the only instance of undervalued sales during FTX’s asset liquidation process.For context, the bankrupt exchange management had parted with token contracts linked to the SUI blockchain, which could have yielded nearly $3 billion in returns.Instead of holding the contracts, FTX sold them in March 2024 for just $1 million, well below their current value of around $3 billion. The failed exchange also sold $95 million of Mysten Labs shares alongside its SUI contracts.Despite these missteps, FTX’s estate has seen better outcomes elsewhere. One example is the $1.4 billion sale of its $500 million stake in AI firm Anthropic Holdings, which brought in significant liquidity.The proceeds from these asset sales are being used to reimburse creditors. The failed firm completed the first round of repayments in February. The second round, targeting customers with claims over $50,000, is expected to begin later this month.Mentioned in this articleLatest Alpha Market ReportSource link

On March 4, 2026, DDC Enterprise Limited (NYSE American: DDC) today announced preliminary, unaudited full-year financial performance for the year ended December 31, 2025. The company expects to achieve record revenue and record positive adjusted EBITDA, primarily driven by continued growth in its core consumer food business and overall margin improvement. The final audited financial report is expected to be released in mid-April 2026.

2025 Full-Year Financial Highlights

Revenue: Expected to be between $39 million and $41 million, reaching a new company high.

Organic Growth: Excluding the impact of the company's strategic contraction of its U.S. operations, core revenue is expected to grow 11% to 17% year over year.

Gross Profit Margin: Expected to be between 28% and 30%, reflecting continued operational efficiency improvements.

Adjusted EBITDA: The company expects to achieve a positive full-year result in 2025, a significant improvement from a $3.5 million loss in 2024, mainly due to rigorous cost controls and a higher-margin sales mix.

Core Consumer Food Business Performance

In 2025, DDC's core consumer food business maintained strong operational performance.

The company also disclosed Core Consumer Food Business Adjusted EBITDA, a metric that further excludes costs related to its Bitcoin reserve strategy and non-cash fair value adjustments related to its Bitcoin holdings from adjusted EBITDA to more accurately reflect the core business performance.

In 2025, Core Consumer Food Business Adjusted EBITDA is expected to be between $5.5 million and $6 million.

Bitcoin Reserve Update

In the first half of 2025, DDC initiated a long-term Bitcoin accumulation strategy, holding Bitcoin as its primary reserve asset.

As of December 31, 2025: The company holds 1,183 BTC.

As of February 28, 2026: Holdings increased to 2,118 BTC

Today's additional purchase of 65 BTC brings the company's total holdings to 2,183 BTC

DDC Founder, Chairman, and CEO Norma Chu stated, "We are proud to have closed 2025 with record revenue and positive adjusted EBITDA, demonstrating the steady growth of the company's consumer food business and the ongoing improvement in profitability. We are building a disciplined, growth-oriented food platform and strategically allocating capital to Bitcoin assets with a long-term view, aligning with our core beliefs. We believe that this dual-track model of 'Steady Consumer Business + Strategic Bitcoin Reserve' will help DDC create lasting long-term value for shareholders."

Adjusted EBITDA Definition
For the full year 2025, the company defines "Adjusted EBITDA" (a non-GAAP financial measure) as: Net income / (loss) excluding the following items:· Interest expense· Taxes· Foreign exchange gains/losses· Long-lived asset impairment· Depreciation and amortization· Non-cash fair value changes related to financial instruments (including Bitcoin holdings)· Stock-based compensation

About DDC Enterprise Limited

DDC Enterprise Limited (NYSE: DDC) is actively implementing its corporate Bitcoin Treasury strategy while continuing to strengthen its position as a leading global Asian food platform.

The company has established Bitcoin as a core reserve asset and is executing a prudent, long-oriented accumulation strategy. While expanding its portfolio of food brands, DDC is gradually becoming one of the public company pioneers in integrating Bitcoin into its corporate financial architecture.

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DDC Enterprise Limited Announces 2025 Unaudited Preliminary Financial Performance: Record Revenue Achieved, Bitcoin Treasury Grows to 2183 Coins