The timing proved devastating. Had FTX been able to retain the investment through the height of the AI market surge, the stake’s current value would have exceeded the entire $9 billion shortfall in FTX’s balance sheet by more than threefold—and approached the exchange’s peak valuation from its most successful period.
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The timing proved devastating. Had FTX been able to retain the investment through the height of the AI market surge, the stake’s current value would have exceeded the entire $9 billion shortfall in FTX’s balance sheet by more than threefold—and approached the exchange’s peak valuation from its most successful period.