You invested $100K via a 3-layer Anthropic SPV at $380B valuation.
Third layer takes 15% management/set up fees and no carry
Second layer takes 10/20
First layer takes 10/20
So your real investment is 100*0.85*0.9*0.9=$68.85K. Given nobody scammed anyone in the matryoshka
An exit at $1.4T IPO gets you a MOIC of ~2.8x after dilution. That’s $192K on the first layer.
The first layer takes 20% carry, you have $167K left
The second layer takes 20% carry ($36.4k), you have $130.6k left
So you have made a $30K return on a $100K investment in a year.
So layered SPV investment got you a 68% Anthropic exposure. Buying Google stock gets you 14% and Amazon - 18%. AND a multiple on all the money Anthropic spends on compute (most of their money). AND exposure to a money-printing business with a strong AI component that rivals Anthropic. AND no scam risk. While the 32% lost in SPV fees just fund someone’s coke habit in Miami.
Same $100K put in AMZN and GOOG over the same time period would also get you the 30% return. You’re welcome.
Introducing Hashi: a new era of Bitcoin finance on Sui.
Bitcoin's market cap exceeds $1 trillion. < 0.5% of it is used in DeFi.
Hashi is here to change that, with commitments from industry leaders including BitGo, Bullish, Erebor Bank, FalconX, Fordefi, Ledger, and more.
NEW: Major investigation dropping February 26 on one of crypto’s most profitable businesses where multiple employees abused internal data to insider trade over a prolonged period of time.
BLOCKFILLS HALTS WITHDRAWALS AMID CRYPTO TURMOIL
Susquehanna-backed crypto lender BlockFills has suspended client deposits and withdrawals, citing recent market volatility. The Chicago-based firm, which serves 2,000 institutional clients and handled $60 bn in 2025 trading, remains open for select trading but is limiting liquidity.
The move echoes past crypto downturns, including the 2022 collapse of FTX and other lenders. Bitcoin’s recent drop below $65,000—down ~45% from October highs—has intensified pressures, while stalled U.S. crypto legislation continues to weigh on the market.