News linked to both this project and an event.
Odaily reports: The U.S. government has sold 4.45 million Anthropic shares seized from FTX, obtaining approximately $627 million, with the funds to be used to repay FTX creditors.According to the S-1 filing submitted by Anthropic, this batch of shares was resold to 9 buyers. Based on the valuation ahead of Anthropic's planned Nasdaq listing under the ticker symbol ANT, these shares are currently worth approximately $3.94 billion. (BeInCrypto)
According to U.S. SEC filings, Strive, Inc. filed a Form 424B5 prospectus supplement on October 26, announcing sales agreements with Cantor Fitzgerald, Barclays, Clear Street, StoneX, B. Riley, Maxim Group, and H.C. Wainwright to issue up to $1 billion in aggregate of 15.00% Series A Perpetual SATS Preferred Stock through an at-the-market (ATM) offering. Agent commissions are capped at 2.0% of gross proceeds. The SATS Preferred Stock trades on the Nasdaq Global Market, closing at $94.88 per share on October 23, below the $100 initial liquidation preference. Of the 7 million shares currently outstanding, the newly offered shares will carry identical terms. Based on a $100 par value, the preferred stock carries an annual cumulative dividend rate of 15%. Upon the closing of its IPO on October 20, the company established a dividend reserve by depositing $22.50 per share into an account to cover dividend payments for the first 18 months. Additionally, if the public float falls below 25% of the total shares issued in the initial offering and subsequent additions, or in the event of a "tax event," the company retains the right to redeem all shares. In the event of a "fundamental change," holders have the right to require the company to redeem at par plus accrued
According to Binance Research’s weekly report, U.S. CPI rose to 3.7% in September, with energy accounting for more than one-third, while YoY PPI climbed to 6.3%. Based on the EIA oil price trajectory, headline CPI could peak at approximately 3.9% in October before declining to roughly 2.6% by March 2027. In the AI sector, Anthropic’s Q3 revenue grew 45% quarter-on-quarter, significantly below the previously observed rate of more than doubling. Its Binance Pre-IPO contracts dropped 8.8% over two trading days, while yields on CoreWeave’s 2032-maturing bonds rose to approximately 16%. Binance Research stated that cooling AI demand and rising financing costs are simultaneously impacting AI infrastructure transactions.
AllianceDAO co-founder QwQiao posted on X, jokingly discussing the valuation logic behind Anthropic's potential IPO. He said that when calculating Anthropic's expected value, investors should also consider the probability of AI bringing about either extreme prosperity or catastrophic consequences.QwQiao argues that if AI propels humanity into an era of extreme material abundance, money will lose its meaning; if AI leads to human extinction, money will likewise no longer matter. He jokingly put the combined probability of these two scenarios at 50%, with the remaining 50% being the scenario where humans continue to work and money remains important.Based on this assumption, QwQiao joked that all target valuations for Anthropic should simply be cut in half.
Bernstein forecasts an EPS of approximately $36 for Celestica in 2028. Based on institutional buy-side estimates, its current stock price implies a roughly 9.7x P/E ratio for 2028. The market is questioning whether Celestica can defend its market share and profit margins after Google expands its TPU supplier base. Bernstein maintains an Outperform rating and a $520 price target, highlighting the October 27 Investor Day as a near-term catalyst.
Odaily News: Bitcoin fork asset BTCB2 hit an all-time high of $1,799 on September 5. Over the past 4 hours, its price has fluctuated between 750 and 1,000 USDC; the Neoxa USDC market recorded a 24-hour trading volume of approximately $1 million.BTCB2 originated from a chain split that occurred on August 8, 2026, at block height 961,632. The network subsequently changed its proof-of-work algorithm to Blake2 and reduced block size, and it can now be mined using Blake2-compatible ASIC miners.Neoxa Exchange and Nonkyc.io have listed BTCB2, with the former offering BTC, USDC, and USDT trading pairs, and the latter offering a USDT trading pair. Both platforms have limited liquidity, and CoinMarketCap and CoinGecko have not yet listed the asset.Based on a BTCB2 price of $1,000, its fully diluted valuation stands at approximately $20.9 billion. Since UTXOs need to be split from Bitcoin first, transactions may otherwise be vulnerable to replay attacks; the network's hash rate has risen by 30.41% over the past 7 days, reaching approximately 5.1 PH/s. (Bitcoin.com News)
Odaily News: Humain, an artificial intelligence company backed by Saudi Arabia's sovereign wealth fund PIF, has released its AI model "humain-m3," built on China's MiniMax M3. Humain stated that humain-m3 is designed to strengthen the Arabic AI ecosystem and drive cutting-edge AI development. The release also reflects that a growing number of countries are seeking greater control over key AI technologies through independent AI platforms and open-source models.Previously reported, Humain also announced plans to raise an initial $2.5 billion to establish a fund focused on investing in data centers. Sources familiar with the matter revealed that the fund will provide financing support for the 250-megawatt data center capacity being developed in partnership with Al Moammar Information Systems, with the potential for the overall scale to expand to 1 gigawatt in the future. (Bloomberg)
Odaily News – Enterprise software company Strategy holds 840,400 BTC valued at approximately $66.4 billion. Based on a Bitcoin price of roughly $79,007, this represents an increase of about 4.4% from the average purchase cost of $75,653, with paper profits exceeding $2.8 billion.Michael Saylor posted a holdings chart on Sunday with the caption "We're Back." Strategy has not added to its Bitcoin position for about two months and typically discloses weekly purchases on Monday mornings; this post did not indicate whether a purchase is imminent.Strategy recently raised $334 million by selling MSTR stock without touching its Bitcoin holdings; in recent months, it has also sold small amounts of Bitcoin to pay preferred stock dividends and fund share buybacks. (Decrypt)
Odaily Odaily News: FUNDA posted on X platform that North American AI data center demand in 2027, measured by IT load, is approximately 35GW, while actual deliverable supply is only 16.5 to 23.4GW. The overlapping range of two independent supply projections shows a gap of 1.8 to 2.1 times between demand and deliverable supply, which serves as the core of this report.Demand was cross-validated using two methods, yielding similar results. Based on CoWoS capacity build-out projections, global chip-level electricity demand in 2027 is estimated at 44 to 49GW; based on platform-by-platform bill of materials projections, the result is 48.4GW. The current market discussion range is 40 to 60GW, and the report estimates global demand at approximately 50GW, with North America accounting for about two-thirds.Supply is largely locked in, and capital investment cannot change this. Grid interconnection pathways can deliver 11 to 14GW of IT load, depending entirely on which projects enter the interconnection queue before mid-2025; applications submitted today cannot contribute to 2027 supply. Behind-the-meter installations can add 5.5 to 9.4GW of IT load after accounting for overlap, but large gas turbine orders are already booked through 2031. Since it typically takes 4 to 5 years from order placement to commercial operation, turbines ordered today will only come online between 2030 and 2032.Power delivery is the binding constraint and sits upstream of all links that project developers can accelerate through capital spending. Permitting hurdles prevent 78% of the 43GW of shelved projects from moving forward. Over the past 12 months, power-related factors have caused 60% to 70% of project delays on a megawatt-weighted basis. Next is the shortage of certified labor: skilled electricians require 10,000 hours of training, and only about 30% of the current electromechanical, piping, and HVAC workforce is located in regions hosting 70% of projects. Modular construction can compress build timelines but cannot shorten queue times, only reducing the probability of commercial operation delays by 10% to 20%.Scarcity is already reflected in pricing. Annual recurring revenue per GW across the four comparison companies ranges from $8.3 billion to $50 billion, and NBIS has signed contracts over an 18-month period at prices 3 to 4 times its existing installed base unit pricing. The significant repricing in Q1 and Q2 has concluded, and the report expects market stabilization with modest increases starting in Q4 2026. As new supply comes online, rents on a generation-by-generation basis are expected to decline by approximately 20% to 30%, while utilization rates are expected to remain high.The four power procurement pathways correspond to four different risk profiles. xAI trades speed for doubled power costs and permitting risk, holding the shortest contract duration among the four companies; CRWV converts power delivery risk into refinancing risk; NBIS operates on customer prep
Odaily News: Business intelligence software company Strategy holds 840,447 BTC at an average purchase price of $75,385. After Bitcoin rose for five consecutive days, breaking above $78,000, the position has returned to profitability for the first time since July.Based on a Bitcoin price of $78,400, the position is valued at approximately $65.89 billion, representing paper gains of about $2.53 billion against the initial investment of $63.36 billion, a return of roughly 4%. Over the past six weeks, the position's value has fluctuated by approximately $15.5 billion.Since May, Strategy has sold 6,948 BTC, raising approximately $432.5 million. During the same period, the company raised $334 million through sales of MSTR stock, deploying the funds toward preferred stock dividends, STRC buybacks, and dollar reserves, the latter of which currently stand at $6.7 billion. (Decrypt)
According to Chaoxiang Research, Goldman Sachs's August 23 research report notes that Samsung Electronics announced a projected shareholder return pool for 2026 ranging from KRW 90 trillion to KRW 110 trillion (median approximately KRW 100 trillion), which is lower than the KRW 150 trillion market expectation previously reported by the media. Goldman Sachs maintains its Buy rating with a common stock price target of KRW 490,000, implying a 74% upside from the current share price. The company plans to distribute cash dividends of approximately KRW 30 trillion in the third quarter, with the remainder to be implemented following confirmation in the January 2027 financial results. Goldman Sachs calculates that Samsung's cumulative free cash flow (FCF) from 2024 to 2026 will be approximately KRW 270 trillion. Based on a 50% payout ratio, the 2026 return will be about KRW 106 trillion, falling at the upper end of the guidance range. Goldman Sachs projects that the return pools for 2027 and 2028 will increase to KRW 179 trillion and KRW 232 trillion, respectively, while raising its 2026, 2027, and 2028 EPS forecasts by 1%, 7%, and 11%. At its current share price, Samsung trades at an expected 2027 price-to-book (P/B) ratio of 1.7x and a 2028 P/B ratio of 1.2x, with corresponding ROE reaching 40% to 50%. Goldman Sachs considers the risk-reward ratio to be attractive.
Odaily News: It is understood that Unitree Robotics angel investor Yin Fangming invested 2 million yuan in August 2016 for a 15% stake in the company, at a post-investment valuation of only 13 million yuan. After subsequent rounds of financing dilution, as of before the IPO, Junwan Hongyi, controlled by Yin Fangming, held 11.1749 million shares, representing approximately 2.76% of the company, making it the tenth-largest shareholder of Unitree Robotics. Based on the issuance market value of 61 billion yuan, the stake was valued at approximately 1.685 billion yuan; currently, Yin Fangming still holds approximately 16.62% of Junwan Hongyi.As Unitree Robotics debuted on the Science and Technology Innovation Board (STAR Market) today and its stock price briefly surged past 1,100 yuan, the market value of Junwan Hongyi's stake once climbed to 12.292 billion yuan. At present, Unitree's stock price is tentatively reported at 884 yuan, with Junwan Hongyi's stake still valued at as much as 9.878 billion yuan, representing paper gains of 9.876 billion yuan, a gain multiple of up to 4,938 times. Compared with the 840-fold return based on issuance market value, the gains have nearly sextupled. The look-through market value corresponding to Yin Fangming's remaining personal interest is approximately 1.638 billion yuan. Counting only this portion of equity and the 1.3106 million yuan in equity transfer income disclosed in 2018, Yin Fangming's book return on his 2 million yuan angel investment has exceeded 819 times.
Odaily News: Citrini analyst Jukan posted on X platform stating that Anthropic investors believe the surging demand for its Claude series of advanced AI models and tools is sufficient to support the company's extremely high valuation expectations. According to investor estimates, Anthropic is expected to reach an annualized revenue of $100 billion to $120 billion by the end of 2026, a figure calculated using the company's preferred method, which projects full-year sales based on recent performance. If this expectation is realized, Anthropic's revenue scale would grow more than 10 times during 2026.An institutional investor commented: "If Anthropic can achieve 800% annual growth, even at a very conservative level, its valuation could reach 30 times revenue." Based on this valuation logic, Anthropic's potential market capitalization could reach $3 trillion.
Odaily News Unitree Technology (688836.SH), the "first humanoid robot stock on the A-share market," has drawn significant market attention for its IPO subscription. The company's issuance price-to-earnings ratio has reached 219.23 times, significantly higher than the industry average of approximately 38.56 times, with the effective subscription multiple in the offline inquiry phase surpassing 2,618 times.In addition, primary market investors have already reaped considerable returns. Variable Capital invested only 2.09 million yuan in 2018, and its return multiple has now soared to over 174 times. Sequoia Capital China has injected a cumulative total of approximately 102 million yuan over the years, and based on the issuance price estimate, its shareholding market value is approaching 3 billion yuan. Meituan-affiliated entities collectively hold a 9.65% stake through multiple investment vehicles, with book gains exceeding 3.6 billion yuan.However, contrasting with the high returns in the primary market, secondary market investors will face a game between high valuations and limited floating chips. Unitree Technology will publicly issue approximately 40.44 million shares this time, with the initial online offering ratio at only about 16%, while the remaining shares are mainly allocated to institutional investors through strategic placement and offline inquiry. Based on a total share capital of approximately 404 million shares after issuance, the floating shares on the first trading day will be around 29.77 million shares, accounting for about 7.36% of total share capital, with over 90% of shares remaining locked up.Currently, Unitree Technology has not yet announced a specific listing date. Following the STAR Market's new share issuance process, the company is expected to officially begin trading as early as mid-August. (Tencent Technology)
Odaily News: OpenAI founders and employees collectively hold 48.93% of the company's shares. Based on the company's latest valuation of $852 billion, the value of this stake is approximately $416.9 billion. (New York Times)
Grayscale stated HYPE's forward P/E ratio is approximately 15 to 18 times. Hyperliquid possesses real cash flow and can therefore be valued like a stock, but the valuation is based on earnings per token rather than earnings per share. Based on this, compared with fintech peers such as Coinbase, Robinhood, and Circle, HYPE still appears inexpensive. Market data shows that HYPE is currently trading at $55.32, down 1.5% in the past 24 hours.
South Korean AI chip companies Rebellions, FuriosaAI, and DeepX have adjusted their IPO-related plans. Rebellions has rescheduled its listing on the Korea Composite Stock Price Index (KOSPI) to the first half of next year, FuriosaAI is planning for the second half of 2028, and DeepX is targeting 2027 to 2028.The three companies are currently pursuing Pre-IPO and Series D funding rounds respectively. Based on valuations, Rebellions is valued at 3.4 trillion won, FuriosaAI at approximately 3 trillion won, and DeepX at around 2.85 trillion won.Last year, the three companies recorded revenues of approximately 32 billion won, 5.7 billion won, and 3.3 billion won respectively. Related mass production and customer orders include Rebellions' Rebel 100, Renegade and other next-generation chips.
According to public information and related disclosure documents, Kong Jianping indirectly holds approximately 18.98 million shares of ChangXin Memory Technologies through the Yifang Changda Fund (with a capital commitment of 21.34 million yuan). Based on the opening price of 49.5 yuan per share that day, the market value of the holdings is approximately 940 million yuan, with a reported return of about 44 times.Kong Jianping stated that when he invested in ChangXin in 2020, the company's valuation was less than 20 billion yuan, but it has now exceeded 3 trillion yuan.
On-chain data shows that the Worldcoin Foundation sold approximately 217.4 million WLD tokens to institutions such as Pantera Capital, raising approximately $52.5 million. Based on the transaction amount, the transaction price was approximately $0.24, representing a discount of approximately 36% compared to the market price, and the relevant tokens are subject to a one-year lock-up period.
Chinese listed company Zhibao Technology has announced the signing of a non-binding term sheet with Joyer Tech for a PIPE financing based on 3,500 Bitcoins.