The value of Anthropic shares held by Google parent Alphabet has surged to about $124.3 billion (about 183 trillion won).
According to Bloomberg on the 23rd (local time), Alphabet said in its second-quarter report filed that day that the book value of unlisted equity securities was $124.3 billion as of the end of June.
Bloomberg, citing people familiar with the matter, reported that the unlisted corporations in question was Anthropic. Accordingly, the book value of Alphabet's equity in Anthropic is estimated to be about $124.3 billion.
Alphabet recorded $77.354 billion (about 113 trillion won) in unrealized valuation gains from unlisted equity securities in the second quarter. As Anthropic's corporations value rose, Alphabet's equity holdings appear to have been revalued.
Alphabet has steadily invested in Anthropic, starting with $3 billion (about 4.4 trillion won) in 2023. Early this year, it agreed to invest up to an additional $40 billion (about 58.5 trillion won). The structure is to invest $10 billion (about 14.6 trillion won) and conditionally invest an additional $30 billion (about 43 trillion won) upon meeting operating results and financial statement targets by 2030.
According to the disclosure, Alphabet's undrawn investment commitments were $30 billion at the end of the first quarter, but fell to $20 billion (about 29 trillion won) at the end of the second quarter. This means Alphabet made an additional $10 billion investment in Anthropic in the second quarter.
Alphabet's second-quarter earnings per share (EPS) came in at $9.11, more than triple the market estimate of $2.89. Alphabet said this was "due to unrealized gains on equity securities."
Meanwhile, Anthropic is planning an initial public offering (IPO) as early as Oct.