According to Wu Blockchain, FTX and its affiliates invested approximately $500 million in Anthropic between 2021 and 2022, securing an initial stake of about 8%. They subsequently sold off these holdings in batches during the 2024 bankruptcy restructuring, recovering roughly $1.34 billion. Based on the IPO price range cited in the report, Wu Blockchain estimates that had the shares been retained, their value could have reached approximately $31.2 billion to $34.7 billion. This is a hypothetical valuation comparison rather than assets currently held by FTX or realized gains; the initial stake percentage also does not represent the proportion at the time of the public listing.