Public companies are turning their balance sheets into crypto vaults.

Strategy paused its Bitcoin buying. Strive accelerated. Bitmine went all-in on ETH.

Meanwhile, the AI sector's biggest private player is heading for the public markets.

Corporate treasury wars and a potential record IPO. Monday's serving a full plate.

Anthropic files for Nasdaq IPO under ticker ANT, eyes $2T valuation

Anthropic just posted $16B in revenue alongside an $81B loss.

The Claude developer filed for a Nasdaq listing under ticker ANT.

A mid-November debut could value it above $2T, making it the largest IPO ever.

AI's infrastructure costs are staggering, and investors will soon decide if the growth story justifies them.

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Markets

Corporate buyers provide a floor as broader markets drift

Strive dropped $511M on 6,182 Bitcoin last week at roughly $83K per coin.

That lifts its treasury to 43,000 BTC, vaulting past MARA as the fourth-largest corporate holder.

Major tokens barely budged despite the buying spree.

BTC hovered near $80,700, ETH sat around $2,340, and SOL edged past $102.

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Strategy buys $205M of its own stock, skips Bitcoin ahead of Fed rate decision

Strategy spent $205M buying back its own shares last week.

It skipped Bitcoin purchases entirely, breaking a weeks-long accumulation streak before the Fed's rate call.

When even the most aggressive corporate Bitcoin buyer hits pause, monetary policy uncertainty is doing its job.

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Bitmine adds 10,452 ETH as Tom Lee cites Ethereum's resilience against AI stock declines

Bitmine Immersion Technologies has amassed 6.05 million ETH tokens.

The company repurchased 2M shares last week as part of crypto's largest-ever treasury equity buyback.

One public company owning nearly 5% of Ethereum's supply raises serious questions about supply concentration.

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On Our Radar

Blockchain infrastructure gets crowded: Sui network RPC providers are multiplying faster than the chains they support.*

Stacking sats at scale: Strive just bought enough Bitcoin to make whales nervous.

Crypto treasure hunt: Evernorth lands $80M to bulk up its XRP holdings

_*sponsored

ICYMI

Forget NVIDIA — These 5 Stocks Could Be Next

Looking beyond NVIDIA for your next stock idea?

MarketBeat just identified five highly rated companies worth a closer look. Get the full list, completely free, along with the bull and bear case for each stock, so you can see where the opportunity may be hiding.

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