Anthropic’s pre-IPO market on Hyperliquid moved lower after the company’s IPO filing came into view, according to BlockBeats. On Sept. 29, Entropy, a HIP-3 market deployer, launched the Anthropic Pre-IPO market on the platform. Following the filing’s exposure, Anthropic’s implied valuation on Hyperliquid edged down to $2.07 trillion, with a 24-hour decline of 1.92%.
As of publication, open interest in Anthropic’s pre-market contract stood at $37.26 million, while trading volume reached $5.43 million. The IPO filing showed that Anthropic generated $4.59 billion in revenue in 2025, roughly 12 times higher than a year earlier. At the same time, operating losses widened from $2.98 billion in 2024 to $8.06 billion.
The filing also said the company’s total operating expenses last year were $12.65 billion. In addition, Anthropic disclosed committed spending on cloud services, computing power, and infrastructure totaling $518 billion over the coming years.
Anthropic’s implied valuation on Hyperliquid slipped to $2.07 trillion after the company’s IPO filing surfaced, according to BlockBeats.
On Sept. 29, Entropy, a HIP-3 market deployer, launched the Anthropic Pre-IPO market on Hyperliquid. After the filing came into view, the platform showed Anthropic’s valuation easing to $2.07 trillion, down 1.92% over the past 24 hours.
As of publication, open interest in Anthropic’s pre-market contract had reached $37.26 million, and trading volume stood at $5.43 million.
Filing shows sharp revenue growth and wider losses
Anthropic’s IPO filing said the company posted $4.59 billion in revenue in 2025, about 12 times higher year over year. Operating losses, however, widened from $2.98 billion in 2024 to $8.06 billion.
The filing also showed total operating expenses of $12.65 billion last year. Anthropic’s committed spending on cloud services, computing power, and infrastructure over the next several years reached $518 billion.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
