techvaluations

Capital is concentrating at extreme scales as crypto firms deploy balance sheet strength to exploit valuation disconnects while tech giants face mathematically impossible revenue hurdles to justify trillion-dollar market caps.

Galaxy Digital authorized a $200 million share repurchase following an 18% price surge, signaling that crypto equities trade below intrinsic value despite maintaining $2.6 billion in liquidity—directly contrasting with the "impossible math" facing trillion-dollar tech giants requiring up to $2.2 trillion in annual revenues by 2030. Simultaneously, $200 million in growth capital flows to MrBeast's content empire, illustrating capital's dual function: funding expansion in proven cash-flow engines while crypto-native firms buy back stock, arbitraging the market's failure to price digital asset exposure against legacy tech's unsustainable multiples.

These maneuvers reveal a stark bifurcation where crypto equities remain deep value plays while mega-cap tech demands fantasy growth trajectories. Galaxy's buyback demonstrates institutional confidence in crypto's underlying viability despite Q4 losses, potentially establishing precedent for other undervalued digital asset firms to prioritize shareholder returns over dilutive expansion during market dislocations.

Expect accelerated share buyback programs across crypto equities as firms leverage strong balance sheets to close valuation gaps, while capital flees revenue-impossible tech valuations toward cash-generative digital asset infrastructure and scalable creator economies.

#CryptoMarkets #ValuationDisconnect #CapitalAllocation #DigitalAssets #TechValuations
(Sources: multiple)

Anthropic的迅速崛起與資助它的加密貨幣崩潰

忘掉蘋果的收購：Anthropic剛剛以1830億美元的估值籌集了130億美元，成為地球上第四大最有價值的私人公司😳

這比18個月前高了3倍。

並使這家AI初創公司超越了Stripe、Databricks和Revolut。

以下是當前的排行榜：

1️⃣ SpaceX - 4000億美元
2️⃣ ByteDance - 3300億美元
3️⃣ OpenAI - 3000億美元
4️⃣ Anthropic - 1830億美元
5️⃣ xAI - 1130億美元

Anthropic的增長令人驚嘆：

→ 收入年化率從10億美元躍升至50億美元，僅用8個月。
→ Claude Code單獨實現了5億美元的年經常性收入。
→ 擁有30萬個來自金融、健康和企業IT的商業客戶。

但這裡來了驚人的部分。

FTX曾以5億美元購買了Anthropic的8%。

在破產期間以8.84億美元出售。

那同樣的股份現在價值驚人的146億美元🤯

結果顯示，加密貨幣歷史上最大的崩潰意外地支持了AI最大的獲勝者之一。

命運確實有著惡作劇的幽默感，否則你如何解釋FTX支持一個1830億美元的AI巨頭？

#Write2Earn #AIFuture #TechValuations