DECRYPT · 2026-11-11 12:55 UTC

Morning Minute: What Anthropic's $1.4 Trillion IPO Means for Crypto

Anthropic set its IPO price range at $70 to $78 a share, selling 825 million Class A shares to raise about $64.4 billion at the top of the range, with trading set to start November 19 on Nasdaq under ANT. Roughly 20% of the deal is reserved for retail investors, and a $26 billion private placement of non-voting Class N stock is bought by seven of Anthropic's compute suppliers at the IPO price. The article argues a mega-IPO could pull speculative money from crypto, citing SpaceX's June listing when Bitcoin fell 29% before bottoming, and estimates BTC could drop about 5% more into the…

Loading the story on Tree News…