Anthropic's IPO Filing and the Bitcoin Debate
October 28, 2026
This Onramp Media episode of Signal vs. Noise covers figures from Anthropic's IPO filing and contrasting bitcoin views from Jason Calacanis and Galaxy. The views belong to the hosts and named parties, not Onramp, and are not investment advice.
The Signal vs. Noise hosts discuss figures from Anthropic's IPO filing, including $16.3B of first-half revenue and an $80B paper loss. They compare the contrasting bitcoin views of Jason Calacanis and Galaxy, with Galaxy arguing the bottom is already in. Also on the clock: reported Microsoft buyouts for 60,000 employees, the Dutch government's plans for 25,000 job cuts, and Coinbase bringing bitcoin into bank apps alongside new VanEck and Franklin Templeton bitcoin ETFs. Views are the hosts' and named parties' own, not Onramp's or investment advice.
Chapters
00:00 - Intro 00:48 - Topic 1 - Anthropic's IPO Filing 11:10 - Topic 2 - Contrasting Bitcoin Views From Jason Calacanis and Galaxy 20:35 - Topic 3 - Reported Microsoft Buyouts and Dutch Government Job Plans 30:35 - Topic 4 - Coinbase, Bank Apps, and New VanEck and Franklin Templeton Bitcoin ETFs 40:03 - Wrap-Up & Parting Thoughts
Frequently Asked Questions
What does the episode say about Anthropic's IPO filing?
At 00:48 the hosts discuss figures from Anthropic's IPO filing, including $16.3B of first-half revenue and an $80B paper loss. They are described as reported filing figures.
What contrasting bitcoin views are discussed?
At 11:10 the hosts compare Jason Calacanis's bearish view on bitcoin with Galaxy's argument that the bottom is in. These are the named parties' opinions, not Onramp's or investment advice.
Which job cut stories are covered?
At 20:35 the hosts cover reported Microsoft buyouts offered to 60,000 employees and the Dutch government's plans for 25,000 job cuts, and discuss the role of AI.
What bitcoin product news is covered?
At 30:35 the hosts cover Coinbase bringing bitcoin into bank apps and new bitcoin ETFs from VanEck and Franklin Templeton. These are third-party product announcements.
This episode is editorial and educational content. Onramp does not provide tax, legal, or investment advice. Bitcoin is volatile and may lose value. Past performance does not guarantee future results.