Anthropic IPO Fuels $80M Crypto Trade Amid $2T Valuation Speculation

Anthropic, a cutting-edge AI developer, is preparing for an initial public offering (IPO) that could value it at nearly $2 trillion, making it one of the largest IPOs in history. Despite the company's plans to go public in November, crypto traders have already built up nearly $80 million in futures positions linked to its pre-IPO contract, with some speculating on a valuation of as much as $2 trillion.

According to CoinGlass data, the ANTHROPIC pre-stock contract is trading around $2,147, with over $20 million changing hands in futures over 24 hours. Binance has emerged as the largest venue for this trade, accounting for roughly 40% of activity.

Circle CEO Jeremy Allaire has urged Anthropic to complete its transition to public markets, arguing that concerns about volatile markets, valuation, and AI safety strengthen rather than weaken the case for greater scrutiny. He noted that going public would impose audited financial reporting, quarterly disclosures, independent board governance, and Sarbanes-Oxley controls, making Circle easier for banks, governments, and enterprise customers to evaluate.