There is no direct evidence that Anthropic's IPO is pulling money out of crypto. All that is certain is that two moves coincide: according to the prospectus it filed with the US Securities and Exchange Commission, Anthropic aims to raise between $57.75 billion and $64.35 billion from investors, while US spot bitcoin ETFs have lost a combined $1.91 billion over seven consecutive trading days. At the same time, bitcoin stood at $64,715 on Sunday morning, 3.5 percent lower than 24 hours earlier. This article separates what is documented from what remains conjecture.
Readers have been asking the question for days, and it is a fair one: at up to $64.35 billion, the IPO is exceptionally large, and it falls in a week in which the crypto crash has pushed bitcoin down to almost half its record. Anyone who holds crypto and is wondering whether to reallocate needs the orders of magnitude and the dates, not slogans.
Anthropic IPO in numbers: 825 million shares at $70 to $78
The basis is the amended registration statement (Form S-1/A) that Anthro...
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