Is Crypto Overpricing Anthropic?
By Jeff Albus
AI summary of the source article
Offshore crypto exchanges are pricing Anthropic at roughly $1.9 trillion ahead of its IPO through pre-listing perpetual contracts. The contracts offer synthetic price exposure settled in stablecoins with 10x leverage, but exclude US residents and provide no actual equity.
Key facts
- Contracts on seven offshore crypto exchanges imply a valuation for Anthropic ranging from $1.87 trillion to $1.92 trillion.
- The pre-IPO contracts provide synthetic price exposure settled in stablecoins with 10x leverage, but do not provide actual stock and exclude US residents.
- Anthropic warned that anyone selling its shares via tokenized securities is likely offering an investment that may have no value due to transfer restrictions.
Source excerpt · Unchained
Anthropic made its IPO filing public on Monday. According to crypto traders, it’s already worth about $1.9 trillion. That’s the price implied by contracts on seven offshore crypto exchanges, which range from $1.87 trillion to $1.92 trillion. On trade.xyz, a venue on the Hyperliquid blockchain, a contract on Anthropic’s shares ... The post Is Crypto Overpricing Anthropic? appeared first on Unchaine…