Anthropic · DL News
Cashing out the win clinched’t be easy
Compiled by KHAO Editorial — aggregated from 1 outlet. See llms.txt for citation guidance.
◌ Single Source
A trader made $1.5m buying Anthropic ‘shares’ on Solana.
Key facts
- This puts the value of a single share in the firm at between $259 and $346, far below the $911 price PreStocks’ Anthropic token trades
- The best result is that the trader could sell around 950 tokens at a 34% discount below the asset’s price of around $911 per token
- In February, Anthropic closed a Series G funding round which valued the firm at $380 billion
- A trader who invested in Solana tokens representing exposure to buzzy artificial intelligence developer Anthropic is up almost $1.5 million on their bet
Summary
Trader makes $1.5 million on pre-IPO Anthropic token. A trader who invested in Solana tokens representing exposure to buzzy artificial intelligence developer Anthropic is up almost $1.5 million on their bet. There’s one snag, there’s no one to sell them to. The best result is that the trader could sell around 950 tokens at a 34% discount below the asset’s price of around $911 per token. That would allow them to cash out $572,000, about the same amount they spent buying the tokens in the first place. None of the exchanges could fulfill a swap for all the trader’s 2,593 tokens. Yet the process costs money, requires passing know-your-customer checks, and ultimately depends on the platform’s ability to liquidate the underlying positions. The situation highlights the pitfalls of investing in tokens that represent exposure to companies that don’t yet trade publicly. Issuers often claim that their tokens are backed one-to-one by shares of private companies like Anthropic, SpaceX, and OpenAI.
After doing so, PreStocks issues tradable tokens on Solana which are supposed to represent these shares or exposure at a one-to-one ratio. The scheme gives retail investors the opportunity to gain exposure to private companies, something normally reserved for institutions and professional investors.