What Anthropic’s $380 Billion Valuation Signals for Crypto Investors

Anthropic, the strongest rival to OpenAI, has officially announced a record-breaking $30 billion fundraising round. The deal lifts the company’s post-money valuation to $380 billion, highlighting the powerful pull of capital into the artificial intelligence sector.

Behind the headline number, however, lie complex second-order effects that could increase pressure on the cryptocurrency market.

Why Anthropic’s $30 Billion Raise Could Be a Problem for Bitcoin

Anthropic confirmed it raised $30 billion in a Series G round at a valuation of $380 billion. The round was led by GIC and Coatue, with participation from major investors including Founders Fund, Sequoia, BlackRock, Temasek, Microsoft, and NVIDIA.

The company’s financial momentum is notable. Revenue run-rate has reached $14 billion, expanding more than tenfold annually over the past three years.

Claude Code has gained strong enterprise traction, with eight of the Fortune 10 companies now using Claude. The number of customers spending more than $1 million per year has surged from 12 to over 500.

Anthropic now expects annual revenue to nearly quadruple this year, reaching approximately $18 billion.

As AI tools become capable of autonomously executing complex tasks, demand for traditional software is likely to decline sharply. Instead of paying monthly subscriptions for dozens of SaaS products, enterprises may increasingly rely on a single general-purpose AI assistant to manage operations.

Bloomberg recently reported that advances in new AI automation tools from Anthropic triggered a sell-off of up to $285 billion in software stock market capitalization during the first week of February.

Bitcoin, meanwhile, continues to show a strong correlation with software stocks. Private credit flows largely drive this relationship.

“Software stocks are struggling again today. $IGV (iShares Software ETF) is essentially back to last week’s panic lows. Don’t forget there’s another type of software—‘programmable money,’ crypto. Bitcoin (blue) with the software index (orange). They are the same thing,” analyst Jim Bianco stated.

According to a BeinCrypto report, the $3 trillion private credit industry plays a central role in this dynamic. Software accounts for roughly 17% of investments by deal count.

Pressure that began building in mid-2025 has tightened capital conditions. This shift has increased the risk of reduced lending, early repayments, and forced asset sales, with spillover effects reaching the cryptocurrency market.

As demand for AI tools rises—not only from Anthropic but across the sector—expectations for SaaS companies may weaken. That shift could elevate loan default risks. UBS has warned that U.S. private credit default rates could reach 13%.

Such stress may negatively affect Bitcoin and the broader crypto market through correlation channels.

AI threatens traditional software revenues by displacing demand. It also competes with crypto in areas such as quantum security. As a result, closely monitoring private credit flows and AI development has become increasingly important for crypto risk management.

Anthropic is not the sole driver of these risks. Its swift ascent, however, may signal a larger wave of volatility ahead.