Anthropic Eyes $2 Trillion IPO | CoinDesk Daily
9/29/2026 · 2 min · transcript via mlx
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Key topics
— Anthropic's IPO prospectus reveals plans to spend $518 billion on cloud computing and infrastructure over coming years, with a potential post-November valuation exceeding $2 trillion.
— Anthropic posted a net loss of $42 billion in 2025 on an operating basis, excluding write-downs, and lost more than $8 billion despite the massive spending plans.
— Crypto traders showed minimal reaction to Anthropic's IPO plans, including those betting on its valuation through pre-IPO perpetual futures.
— Bitcoin gained approximately 7% in September and 25% in August, positioning it to break a 12-year seasonal pattern if September closes positive.
— Blockchain.com is targeting a public listing by year-end with plans to raise $500 million at a $4–$6 billion valuation after filing confidentially with the SEC.
— 2025 saw major crypto IPOs from Circle, Gemini, and Coindesk parent company Bullish, signaling growing institutional maturity in the sector.
Market & price signals
— Bitcoin is up approximately 7% in September following a 25% gain in August. Since 2013, every positive August has historically been followed by a negative September; with two trading days remaining, a positive monthly close would break that 12-year pattern and mark Bitcoin's third consecutive monthly gain, with Q3 up more than 40%. Blockchain.com seeks a $4–$6 billion valuation for its IPO, targeting $500 million in capital raised.
Actionable insights
— Monitor Bitcoin's September close over the final two trading days; a positive finish would signal a breakout from a consistent 12-year seasonal headwind and confirm three straight monthly gains.
— Track Blockchain.com's IPO filing progress and valuation range as it represents the next major crypto financial services company seeking public markets after a busy 2025 for sector listings.
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