Anthropic Valued at $2 Trillion by Leveraged Crypto Bets

Crypto traders have valued Anthropic at $2.12 trillion using leveraged derivatives that don't actually carry a stake in the company.

This valuation is more than twice the $965 billion valuation the maker of Claude last raised money at in May.

The wager comes weeks before Anthropic is anticipated to file the prospectus that will finally put a real number on the company.

Binance assumes 1 billion shares to reach its $2,120 quote. Similar contracts traded in the same range on Bitget, Kraken, BingX, Aster, and Coinbase International.