Key Takeaways
CryptoSlate reports that a Binance pre-IPO perpetual contract for Anthropic traded above $2,100, reaching an implied valuation exceeding $2.1 trillion.
According to CryptoSlate, a pre-IPO perpetual contract for Anthropic on Binance traded above $2,100 on Sept. 9. Using an estimated one-billion-share denominator, this pushed the implied valuation of the company over $2.1 trillion. A DefiLlama snapshot showed the contract at $2,168.26 with $26.1 million in open interest, while a later snapshot recorded around $243,000 in liquidations.
Binance Research noted the contract previously produced an implied value near $2 trillion in August, standing well above Anthropic's $965 billion financing valuation from May. Anthropic stated that its May Series H raised $65 billion and that its run-rate revenue had crossed $47 billion. However, Binance warned that its estimated one-billion-share denominator is a convention and that the contract does not represent an ownership claim or official share price.
The contract permits up to 20x leverage and funds every eight hours. Coinbase noted that private-share liquidity is fragmented and pre-IPO contracts can diverge from private quotes. Potential resets include a revised share denominator, an official public offering following Anthropic's confidential draft Form S-1 submission, or a transition to a standard perpetual using a third-party index.
Source & Fact-Check Note
This report is synthesized from coverage by CryptoSlate. Information has been fact-checked and structured for market clarity by CoinQuickly’s research desk.
Read original article at CryptoSlate ↗
