SBF 的 Anthropic 投资现在价值多少
What SBF's Anthropic investment would be worth today
SBF 曾通过 FTX 投资 Anthropic 的旧持仓若保留至今价值可达 427.8 亿美元，但破产清算财产已在 2024 年以 13.4 亿美元售出。该笔投资最初成本为 5 亿美元，涵盖 4.454 亿股，占公司股份的 2.5%。
LiveNasdaq closedAs of Oct 30, 2026Case No. 22-11068
Fraud aside, SBF could've been the greatest VC of all time. This is the live score.
The SBF Index
$61.30B
This visit+$0
Anthropic, SpaceX, Cursor, Solana, Robinhood and about 450 more: every stake FTX and Alameda held when they went bankrupt, priced live as if the estate had never sold. The estate sold the Anthropic stake alone for $1.34B.
Prices: Entropy's Anthropic pre-IPO market on Hyperliquid (io:ANTH), Coinbase (SOL, SUI), Nasdaq (HOOD, SPCX).
Sam Bankman-FriedServing 25 years
Since 2021, vs the same money in the S&P 500
SBF Index
His old stakesbfindex.com
$42,783,616,561
445,392,400 shares, 2.5% of the company by the share count in its S-1 ↗ Sold in 2024 for $1.34B; worth 32× that now. See the math
Left on the table
$55,066,889,297
The index minus the $6.2B the estate got for everything.
- Put in
- $5.32B2021 to 2022
- Multiple
- 12.2×on the money put in
- S&P 500, same money
- $10.3B1.9×
- Bitcoin, same money
- $11.4B2.1×
- The estate got
- $6.23B1.2×, sold 2023 to 2024
- All-time high
- $76.1BSep 9, 2026
- On bankruptcy day
- $3.85BNov 11, 2022
- 1-year change
- +130%since Oct 26, 2025
The receipts
From In re FTX Trading Ltd., No. 22-11068, and Anthropic's S-1.
The media scoreboard
sbfindex.com
2.9×too high
The Wall Street Journal, Forbes and Benzinga all multiplied FTX's 2024 stake (7.8% to 8%) by a later valuation. Anthropic kept issuing shares, so the stake kept shrinking.1 Nobody did it on purpose. Dilution is easy to miss.
What they saidThe record, same valuation
Forbes, May 5$80B / $30.4B
All 9 articles
- The Wall Street JournalOct 12, 2026Said $75B at a $965B valuation. The record: $26.2B. 2.9×
- ForbesMay 5, 2026Said $80B at a $1T valuation. The record: $30.4B. 2.6×
- Forbes (contributor)Mar 18, 2026Said $30.4B at a $380B valuation. The record: $11.5B. 2.6×
- TheStreet, on Yahoo FinanceOct 12, 2026Said $75B at a $965B valuation. The record: $26.2B. 2.9×
- Moneywise, on Yahoo FinanceOct 1, 2026Said $75B at a $965B valuation. The record: $26.2B. 2.9×
- BenzingaApr 23, 2026Said $64B at a $800B valuation. The record: $24.3B. 2.6×
- CCN, on Yahoo FinanceApr 23, 2026Said $82.3B at an implied $1T valuation. The record: $31.2B. 2.6×
- BenzingaApr 2, 2026Said $28.8B at a $380B valuation. The record: $11.5B. 2.5×
- BenzingaSep 4, 2025Said $14.64B at a $183B valuation. The record: $6.28B. 2.3×
The record prices FTX's 44,539,240 shares at each article's own valuation, using Anthropic's share count at the time.2 Archived copies of every article are in our research files.
Bigger than the CEO
sbfindex.com
1.85×Dario's stake
The block FTX bought for $500M is now 445.4M Anthropic shares. That is more than any person at the company holds, and more than a quarter of what all seven co-founders own together (1.69B).1
FTX's old block (sold 2024)445.4M
Tom Brown, co-founder244.2M
Chris Olah, co-founder242.9M
Jared Kaplan, co-founder242.4M
Jack Clark, co-founder242.3M
Daniela Amodei, co-founder, president241.4M
Dario Amodei, co-founder, CEO240.6M
Sam McCandlish, co-founder231.8M
Krishna Rao, CFO9.5M
Shares after the 10-for-1 split, from the S-1's principal stockholders table (as of Sept 30, 2026). Amazon and Google hold non-voting shares that table doesn't list. Read the S-1 ↗
Who got the upside
sbfindex.com
32×in two years
38 buyers paid the estate $1.34B for the Anthropic shares in 2024, across 45 purchases.2 At today's price they are worth $42.8B.
ATIC (Mubadala)$500.0M$16.0B
G Squared$135.0M$4.32B
Jane Street$100.0M$3.20B
Forge fund FG-BLU$93.0M$2.98B
+ 34 more buyers
Total, 38 buyers$1.34B$42.8B
Who was owed
sbfindex.com
$0of the gains after the sale
This was customer money. Customers have been paid about 105% of their claims so far, at November 2022 prices, when bitcoin was about $17,000.4 The estate's sales helped pay for that. The gains after the sales went to the buyers. Sam Bankman-Fried is serving 25 years.
~105%of claims repaid
120%for small claims
Swipe for more →
Holdings
As of Oct 30, 2026
| Position | Put in | Estate got | Worth now | Multiple | Today | What happened |
|---|---|---|---|---|---|---|
| Anthropic445.4M shares, 2.5% | $500.0M | $1.34B | $42.78B69.8% | 86× | −5.68% | Sold 2024 |
| Solana55.0M SOL | $137.0M | $4.12B | $5.25B8.6% | 38× | 0.00% | Sold 2024 |
| Robinhood55.3M HOOD shares | $648.0M | $605.7M | $4.66B7.6% | 7.2× | −7.89% | Seized, sold 2023 |
| SpaceXvia the K5 and Vy funds | $300.0M | Still held | $3.55B5.8% | 12× | −3.43% | Still held |
| Cursornow part of SpaceX | $200K | $0.2M | $2.98B4.9% | 14,888× | −3.43% | Sold at cost |
| Mysten Labsshares and SUI warrants | $101.2M | $96.3M | $0.43B0.7% | 4.2× | +3.34% | Sold 2023 |
| Genesis Digitalbitcoin miner | $1.15B | Unclear | $0.29B0.5% | 0.3× | 0.00% | Unclear |
| About 440 others →startups and tokens | $2.48B | See sales | $1.36B2.2% | 0.5× | 0.00% | Mixed |
| Total | $5.32B | $6.23B | $61.30B | 11.5× | −4.95% |
Each value is the shares or tokens the estate inherited, times today's price. See all 461 positions, every estate sale and the court filings.
Questions
The Wall Street Journal said $75 billion. Why is it $47 billion here?
The Journal multiplied FTX's 2024 stake (7.8%) by Anthropic's $965B valuation.5 Anthropic had issued many new shares by then. At that round's share price, the same 445.4M shares were worth $26.2B. By the S-1's share count they are 2.5% of about 17.8B shares.1 Even at today's pre-IPO price of $1.71T, the block is worth $42.8B, well short of $75B.
| FTX's old block at | Per share | The block |
|---|---|---|
| FTX's entry, 2021 | $1.12 | $0.50B |
| Estate sale, 2024 | $3.00 | $1.34B |
| Series H round, May 2026 | $58.90 | $26.2B |
| Pre-IPO market, today | $96.06 | $42.8B |
| If the IPO values it at $2T | $112.46 | $50.1B |
Every $100B of Anthropic market value adds about $2.5B. Prices are after the 10-for-1 split.
Does SBF get anything from this?
No. The estate sold nearly everything, and he is serving a 25-year sentence. The index tracks what his bets became, not money anyone is holding for him.
How is the index calculated?
We hold what the estate inherited and mark it to market every day since Jan 1, 2021. Anthropic uses its funding-round prices until late 2025, then the pre-IPO market price, then the Nasdaq price once it lists. SOL, Robinhood and SpaceX use market prices. The S&P 500 and bitcoin lines put the same dollars in on the same days.
Can I invest in it?
Not in the index. It is a record of what the estate would hold if it had never sold, not a fund. Not financial advice.
Writing about SBF, FTX or Anthropic?
Email us for the court filings, the data and the math behind any number on this page. Corrections are welcome too.
来源：Hacker News-首页 · sbfindex.com