Anthropic has set its IPO for November 19 — shares of the AI company will start trading on Nasdaq, with the final price expected a day earlier.
The price range of $70 to $78 a share values the company at up to $1.4 trillion. About 20% of the deal is reserved for ordinary investors, roughly double the usual share for an offering this size.
In 2011, a trader named Kevin bought almost 260,000 BTC for just $3,000 — when the price crashed to 1 cent for a few minutes after the Mt.Gox exchange was hacked.
He managed to withdraw only 643 BTC: the exchange went offline and cancelled the trades. Today those 260,000 BTC would be worth about $19 billion.
Strategy, the biggest corporate holder of Bitcoin, is being removed from MSCI indexes after the close on November 30. The index provider says that under its new rules, companies that mostly hold investment assets are treated like funds.
JPMorgan estimates index funds could sell $2.8 billion worth of the company's shares. That matters for Bitcoin because Strategy partly pays for its purchases by issuing new shares, so weaker demand could shrink its future buying.