Anthropic IPO Prospectus Reveals $42B Loss as Crypto Perps Hold Near $2T
- —Anthropic's 2025 revenue reached $4.59 billion, up roughly twelvefold
- —Net loss was about $42 billion; operating loss $8.06 billion
- —Computing spend hit $7.33 billion with $518 billion in future commitments
- —Binance's ANTHROPICUSDT pre-IPO perp trades near a $2 trillion implied valuation
Why it matters: Pre-IPO perps let crypto traders bet on a private company's valuation, but the implied figure hinges on Binance's estimated share count, not the actual IPO terms.
Source: The Crypto Times