Amazon's note conversions reveal up to 12% ownership cap in Anthropic, $190.4B in securities

TechCrunch reports massive note conversions reveal the extent of Amazon's ownership in Anthropic. Amazon's Q2 10-Q carried $190.4B of Anthropic securities at June 30 — $97.9B of convertible notes plus $92.5B of preferred. The notes convert only up to Amazon's 12% ownership cap just before the IPO (unless waived), with the rest rolling over to convert at later quarter-ends.

Detected & updated continuously · Source: Nebula