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DXYZ: maybe the cheapest way to get Anthropic exposure before they list
DXYZ: maybe the cheapest way to get Anthropic exposure before they list
DXYZ: possibly the cheapest way to get Anthropic exposure before they list
DXYZ & VCX calls these bastards better moon before I end up back at Wendy’s
A robot rang the Nasdaq closing bell yesterday. The fund behind it ($BOT) is trading at a 151% premium over what it actually owns
Not invited to Anthropic's $2T investor day? Me neither.
Are we sleeping on DXYZ now that SpaceX went public and Anthropic is next? Trading BELOW NAV under a $1B market cap.
Why DXYZ not going up after Antropic IPO announcement?
DD: $DXYZ is the cleanest way to front-run the Anthropic IPO
DD: $DXYZ: The Dumbest Smart Trade Before the Anthropic IPO
DXYZ Might Be the Dumbest Smart Trade Before the Anthropic IPO
VCX: $1B ATM dropped yesterday. Stock is trading at 1.6x NAV.
DXYZ YOLO because I enjoy watching AI bubble boys seethe
DXYZ YOLO because I enjoy watching AI bubble boys seethe
One Week Left - What is the Best Way to Get into Anthropic Pre-IPo
NVIDIA's 8-K says OpenAI is the tenant. It also says OpenAI pays NVIDIA back if OpenAI can't pay its own rent. We pulled the filings.
Hot Anthropic pre-IPO plays you don't want to sleep on
What are your Top ETFs Picks so far this year? Beyond VOO, VT, VXUS?
Your Destiny (DXYZ) - The Anthropic Trade Most People Aren't Taking
Playing $SPCX like the memecoin shit-token it is
Tired of these SpaceX equivalents of beyond burger?
3 funds that already hold pre-IPO shares of the upcoming IPO
tired of beyond burger SPCE? try these for the real deal instead
Can't buy SpaceX directly yet. Here's everything that moves with it.
[DD] STCK vs DXYZ: Why I Went With Stack Capital for SpaceX Exposure
SpaceX exposure before IPO is gaining too much buzz. Is it worth it?
$DXYZ. Get in before the IPO. Top Ten Holdings
Why I’m NOT Buying DXYZ: Major Red Flags Most Investors May Be Missing
What's the best way to gain leverage before the SpaceX/Anthropic IPO frenzy? Let's put our heads together
How to buy SpaceX stock before the IPO in 2026? I compared XOVR, DXYZ, ARKVX and VCX so you don’t have to.
While the world obsesses over VCX is Stack Capital (STCK.TO/STCGF) the sleeper SpaceX/VC play?
26 MARCH 2026 , WHAT ARE THE BIGGEST WINNERS IN STOCK MARKET RACE TODAY ?
Relative value play between VCX and DXYZ for the AI exposure
Relative value play between VCX and DXYZ for the AI exposure
$VCX – The Private Tech Play the World is Sleeping On
$VCX – The Private Tech Play the World is Sleeping On
$10k to Drop on ONE Stock (Only Spot) – Need Help Picking! 🚀
Best way to get exposure to private tech companies like SpaceX and XAI?
Mentions
**$DXYZ: Why I'm bullish — approximately $40 of estimated NAV trading for $27** DXYZ is one of the more interesting ways to get exposure to Anthropic and OpenAI ahead of their public-market debuts. The fund's officially reported NAV was **$34.30/share on June 30**. But that number is stale. Updating its major holdings using Binance's current synthetic valuation marks for Anthropic (\~$1.84T) and OpenAI (\~$1.42T), publicly traded SpaceX, and estimated expenses, I get approximately **$40/share in look-through NAV**. DXYZ is around $27.33 premarket. That's roughly a **31% discount to estimated NAV**, with approximately **46% upside to NAV parity**. Here's what makes the opportunity interesting: * DXYZ owns economic exposure to Anthropic, OpenAI, SpaceX and dozens of other technology businesses. * Anthropic just filed its public S-1, creating a near-term catalyst for actual price discovery. (DXYZ went up 8% the day before and day of the S-1) * DXYZ invested another $150 million in OpenAI in August, which isn't reflected in the June 30 holdings snapshot. * Management has authorized repurchases below NAV. * Boaz Weinstein is the 3rd largest holder and known for closing arbs to bring CEF's to fair value * You potentially benefit from both underlying appreciation and a narrowing fund discount. * updated NAV coming late November * investors will get more excited as IPO approaches * largest discount to live NAV vs alternatives such as VCX * lower fees than many alternatives * Anthropic October looks strong per alternative data which should drive the stock higher after the large downward repricing on weaker September #s than the bogey * DXYZ went to 150% premium before the SPCX IPO * dealers delta-hedge options so the stock being optionable doesn't hurt a bull run **My thesis isn't that DXYZ must trade at a premium. It's that the current discount looks excessive relative to its estimated underlying assets, with an important IPO catalyst approaching.**
perps don't trade at a discount. dxyz also bought openAI a few months ago which has run up since. live NAV of DXYZ is north of 40 while it trades sub 28 and it traded at 150% premium to NAV pre the SpaceX IPO. Also some of the other DXYZ 1% positions doubled in value from the last NAV calculation due to new funding rounds.
Fair, that matches my arithmetic too ($190.4B against roughly $2.7T of market cap). Amazon is the diluted version with no fund fees on top, DXYZ is the concentrated one with the discount, so it comes down to whether you think that discount closes.
It looks like the shares DXYZ has convert to class N non-voting stock and the IPO listing is for class A voting stock, so I'm not sure that the fund will gain liquidity for its stake at IPO. Do you think this will affect the valuation and NAV?
Only about 6.9% of Amazon is Anthropic and you don't get it at a steep discount like you do with DXYZ
SpaceX IPOd at 135 Here you can buy Anthropic well below the 1T valuation where DXYZ originally bought, they're looking for 1.5-2T
why hasn't the market bid up DXYZ based on the the market's expected IPO price for ANT?
look at my drawings on DXYZ, they were made with crayola premium https://preview.redd.it/mqgrt8nxhvxh1.png?width=900&format=png&auto=webp&s=a8b053a750229464cfaf2a2b2070dcb048809409
I was told DXYZ would moon
Get December DXYZ calls and become rich 🤑
DXYZ is free money ;)
$DXYZ is such an obvious play here it blows my mind. Even after morning spike, trading \~15% discounted to NAV, not including OpenAI round that will clear in next 30 days. Get in before it flies like it did with SPCX.
Always remember DXYZ is pronounced Dicks Easy, that’s all you need to know about it
Please explain? DXYZ is Destiny Tech
Anyone buy destiny tech? Lots of shills were promoting it months ago. DXYZ
Is this a dead account being resurrected to pump someone's DXYZ bags??
DRAM and NASA ETFs post IPOs (SHKY and SPCX) are struggling and honestly I fear the same. When Anthropic IPOs (which is already showing possible issues in the short term) people will buy it and sell DXYZ and VCX. Maybe there will be a pop shortly before ipo
MDT, CMG, SNAP, COP, DXYZ. (this one is kinda A.I ties to Anthropic S-1 drop), MAT(buyout rumors.
People can't look away from A.I it's not the only play out there. CMG, SNAP, COP, DXYZ, MDT.
MDT, CMG,COP , DXYZ(Anthropic S-1 drop)
Or MDT. Chonoco Phillips or DXYZ
DXYZ finally gunna have its day tmr with Anthropic investor day
Tell me you don’t understand tech monopolies without telling me you don’t understand tech monopolies. You’re sitting here looking at a 2025 balance sheet like a boomer accountant analyzing an 1890s railroad. **This is the classic dealer playbook.** Uber burned billions for a decade subsidizing cheap rides until yellow cabs vanished. Amazon ran near zero profit for twenty years to build AWS and logistics. Right now, AI labs are practically giving compute away to hook every engineer, Fortune 500 company, and startup on their ecosystem. Once companies embed Claude so deep into their workflow that ripping it out would collapse operations, Anthropic jacks up the API pricing. Classic customer lock-in. Can’t wait for the bell to ring? Just buy **$DXYZ** right now. It gives you direct private-market exposure to Anthropic and Revolut before retail even knows what ticker to type. Here’s the actual bull thesis: 1. **Claude is currently king.** Ask literally any dev—Sonnet and Opus run circles around the competition where it actually matters. 2. **It isn't going away.** It’s only getting faster at automating your job. 3. **The enterprise spend freight train.** AI budgets aren’t shrinking; enterprise and consumer spend will compound year-over-year for the next 5+ years. 4. **The national security moat.** Do you honestly think the Pentagon, DARPA, and US intelligence agencies are going to run government infrastructure on Chinese open-weight models? Zero chance. Domestic frontier labs have an impenetrable moat. 5. **Generational public debut.** How often do you get the chance to buy a foundational monopoly shaping the next three decades of human industry at IPO? Name one that flopped completely. **The Play:** Snag shares at IPO if you get the allocation. When the inevitable lockup expiration chop hits the 6-month trading range, back up the truck and average down like a true degenerate. Bears r f--ked. 🚀🚀🚀
Thinking about adding to my DXYZ call options. Anthropic IPO has to be listed any day now.
I was about to buy some DXYZ tomorrow, you made me rethink
whatcha think about DXYZ?
https://preview.redd.it/6gpqjgv8jxuh1.png?width=1370&format=png&auto=webp&s=a6e2522ab22e7cff0eb1803db30d02c08fdadc61 I dont think they will pull, I think their IPO is the peak of the bubble, I think after their IPO shit goes heads up, I am just hoping to see this pattern complete on DXYZ beforehand, then i am out
\*\*DXYZ: yes, but only as a small pre-IPO trade—not a clean Anthropic investment.\*\* Friday close was \*\*$30.74\*\*, versus DXYZ’s stale June NAV of \*\*$34.30\*\*, a 10.4% discount. Anthropic represented \*\*14.42% of assets / $235.7m\*\*, marked around its \*\*$965bn\*\* private valuation. Approximate NAV sensitivity: \- Anthropic IPO at \*\*$1.0tn:\*\* DXYZ NAV ≈ \*\*$34.48\*\* \- At \*\*$1.5tn:\*\* NAV ≈ \*\*$37.04\*\* \- At \*\*$2.0tn:\*\* NAV ≈ \*\*$39.60\*\* So even the $2tn bull case only adds roughly \*\*$5.30 per DXYZ share\*\*. It does not make DXYZ double. The filth under the carpet: \- \*\*2.5% annual management fee on gross assets\*\* \- Roughly \*\*57% cash at June 30\*\*, probably around 47% after subsequent investments \- Anthropic held through a layered SPV, with liquidity/lockup/fee complexity
Be careful, this dude has been shilling for DXYZ for months and has yet to post his positions.
DXYZ does not own 14% of Anthropic
DXYZ owns like 14+% of anthropic and is trading at a discount to nav, best buy imo
DXYZ https://preview.redd.it/as2frw0zzguh1.png?width=1732&format=png&auto=webp&s=be8ab8d0e6be5e217c71a1da01a196c5b21e22ae Bull flag retesting breakout, holding so far, if it goes to 45$, I am buying a WRX.
give it 24 hours and this guy will have leveraged his entire house on DXYZ
DXYZ holds 14% anthropic and is 57% cash
Based on latest valuation discussions ($2T Anthropic/$1.4T OpenAI), I get \~$42 prospective NAV for DXYZ versus Friday's $32.80 quote: roughly a 22% estimated discount. That entry price looks juicy.
Based on latest valuation discussions ($2T Anthropic/$1.4T OpenAI), my rough re-mark puts the labs at \~40–41% of DXYZ NAV. Below June reported NAV, that AI exposure could fuel another SpaceX-style run.
DXYZ's Friday quote was $32.80 vs $34.30 June NAV, roughly a 4% discount. Anthropic/OpenAI exposure below reported NAV, with higher AI valuations as the next catalyst, looks juicy. [https://destiny.xyz/tech100](https://destiny.xyz/tech100)
For the Anthropic thesis, one useful distinction is holding value versus fund NAV. Anthropic was about 14.4% of DXYZ net assets in the June 30 report. If that holding doubled in value, with all other values and the share count fixed, fund NAV would rise about 14.4%. Anthropic would then be roughly 25.2% of the larger NAV: 28.8 / 114.4. That is a hypothetical, not a valuation forecast. DXYZ's stock return also depends on its premium or discount to NAV. Source: [https://www.sec.gov/Archives/edgar/data/1843974/000121390026095201/ea0302101-01\_ncsrs.htm](https://www.sec.gov/Archives/edgar/data/1843974/000121390026095201/ea0302101-01_ncsrs.htm)
I sure hope so. I have calls for December (40 strike) and a little stock. The risk I think is the IPO is delayed or if the hype is less than anticipated, and as far as I know it's pretty opaque as the exact impact on DXYZ. The timing so far looks like it might be lining up. I'm bullish on this but this is definitely risky.
VCX is already trading at a 30-40% premium and has multiple things running against it this time unlike with SPCX, but DXYZ is a better bet imo
I was promised a DXYZ moon ticket this is all we get from the Anthropic pump?
It shot up when SpaceX announced their ticker, which was obviously after their S1. DXYZ has a similar share of Anthropic as it does of SpaceX. Is it wrong to expect it to go up?
It shot up when SpaceX announced their ticker, which was obviously after their S1. DXYZ has a similar share of Anthropic as it does of SpaceX. Is it wrong to expect it to go up?
Interesting VCX is on your list. DXYZ is a much better play in that space.
how do you feel about early exposure with DXYZ?
With the Anthropic IPO leaks when should we expect the market to respond? I’m relatively deep in DXYZ shares to pump and dump off the hype(the financials are so scuffed though ngl).
Right! Already loaded up on DXYZ
$DXYZ sitting nice for the rest of the pre ipo Anthropic hype
DXYZ looking very nice for the next month
$DXYZ and $SKM are better proxies
Think we might see a gamma squeeze on DXYZ. The October calls are incredibly cheap with the S-1 for Anthropic coming in the next two weeks
Bought DXYZ calls on Friday. That Anthropic news might just make my portfolio red tomorrow despite the big green
I'll tell you why oof, DXYZ calls lost me so much money lately. Even $35 calls let me down)
Boutta preorder the Lambo. $DXYZ 💰 https://preview.redd.it/rmuulbb1siqh1.jpeg?width=1206&format=pjpg&auto=webp&s=12aeb4e1079a47526439fe060d8b81fe16245826
Check out VCX or DXYZ. There are ways to get access
Is DXYZ in your sights as Anthropic looks to IPO?
what about buy now with DXYZ (14%) ? If it goes well the whole sector and funds like that weill do well. I'm selling my RIT Capital Partners fund because i want to be nowhere near the volatility
You can get in and out whenever, it’s the fund that is likely stuck holding for some period. This matters if you plan on holding DXYZ long term because they will be at the mercy of the post IPO price action, good or bad.
Buy DXYZ before its too late regards
Yeah but you missed one crucial detail thats hidden into the sec fillings and that is that DXYZ holds common shares of SpaceX and PREFERRED shares of Anthropic. I also believe that thare can be upside potentioal for DXYZ but definitely not as when SpaceX had its ipo. https://preview.redd.it/xxwbdi80d3qh1.png?width=1595&format=png&auto=webp&s=471b62ebc600b2ee77a46d35a7b440b92cddac24
At the end of July DXYZ was at 22 now it's at 30. My calls have been great.
From my friend Claude - Worth saying upfront: I'm made by Anthropic, and the entire thesis hinges on what Anthropic is worth. Take my read with that in mind. I've tried to check the claims rather than form a view. **What checks out** Most of the facts are right, which puts this above the WSB average. CEF Connect shows a share price of $34.24 against NAV of $34.30, and a 52-week range where price hit $72.87 and NAV hit $34.30. The May comparison is accurate: the stock traded at $61.66 against a NAV of $24.56, a 151% premium, and at its April 2024 peak buyers paid over 400% above the value of the underlying assets. The insider buying is real: Sohail Prasad made 3 purchases buying 56,000 shares for an estimated $1,767,343 with no sales. And the New York Times reported in late-August 2026 that an eventual IPO could value Anthropic at $2 trillion, against a Series H in May 2026 at $965 billion post-money. **Where it falls apart** **The "10% discount to NAV" is a discount to a stale number the manager produced.** CEF Connect's 8 September page lists the NAV as of 31 March 2026. Destiny's own documentation says the fund strikes a quarterly NAV, and fair value determinations are made by the adviser's valuation committee with assistance from an independent third-party valuation firm. You are not buying a discount to observable assets. You are buying a discount to the manager's own estimate of illiquid private stakes, months after the fact. **The Anthropic re-rate is mostly already in the NAV.** The $965B round closed in May. NAV went from $19.97 at the end of Q4 2025 to $34.30, and total return on NAV over 12 months is 395.66%. The markup has happened. Run the actual numbers on the post's own inputs: Anthropic at 14.4% of a $34.30 NAV is about $4.94 per share. Going from $965B to $2T adds roughly $5.30, which is where the post's "$40 NAV" comes from. But that requires the full $2T. At the more sober base case, secondary markets price Anthropic at $1.05 to $1.15 trillion and FutureSearch projects a median first-day market cap of $1.10 trillion, a 14% premium over the last private round, which adds about 70 cents per share. Not several dollars. **The $2T figure is a forward-forward projection.** It rests on projected 2028 revenue of $190 billion to $200 billion. That is two years of flawless execution priced in today, leaked to journalists by parties who benefit from it being believed. **The real thesis is "the premium comes back," and the post's own data argues against it.** Every price target listed is NAV multiplied by an assumed premium. That isn't valuation, it's a bet that other people will pay more. But look at what actually happened: the 52-week average premium was 74% and the 52-week high premium was 290%, while the 6-month average is a 1.92% discount. The premium collapsed from triple digits to zero **through** the SpaceX IPO, the single biggest catalyst this fund has ever had. SpaceX listed in 2026 as one of the two largest IPOs ever. The post frames the May buyers as lunatics, but they were buying the same "premium inflates into the IPO" thesis it's now recommending. It didn't work. That's the precedent, not the exception. **The fee structure is worse than "a giant pile of T-bills" sounds.** The 2.50% annual management fee is charged on gross assets, not NAV, and the total expense ratio for 2024 came in at approximately 6.28% of average net assets, making DXYZ one of the most expensive publicly traded funds available. You're paying 2.5% a year to hold treasuries. The T-bill pile is a cost centre, not a feature. **Post-IPO, the fund's reason to exist shrinks.** Once Anthropic lists you can just buy Anthropic. And 2026 US IPO proceeds have hit a record while new listings have lagged the market. **My read** The one genuinely good point is buybacks below NAV, which are accretive, and insider buying alongside them. That's a real floor mechanism and I'd credit it. But the structure of the argument is: buy at fair value, sell at an irrational premium to a stale self-mark. That works until it doesn't, and the chart says it already stopped working four months ago. Context also matters for timing. The Fed decision lands in hours with a hike priced at 91%, and AI-related stocks sold off sharply on 14 September as concerns over AI risk intensified. There's a certain irony in Anthropic trying to convince Wall Street it deserves one of the biggest debuts in market history while simultaneously saying the pace of AI development needs to slow down. A high-beta, illiquid, 6%-fee closed-end fund is about the worst vehicle to hold into that combination. Separately: you're already long this theme through NVDA, MU and CRWD, which is where most of your gains sit. Adding a leveraged-sentiment wrapper on the same trade concentrates rather than diversifies. If you want the Anthropic exposure, waiting for the S-1 and buying the actual listing is a cleaner expression with no fee drag and no premium risk. I'd skip DXYZ.
You realize DXYZ is a PRE-IPO play right? If anything a its play to sell a few days after the S-1 drops. Nobody is holding this into the IPO
The 5% fee is steep but that's kind of baked in for a closed-end fund holding stuff you can't really get otherwise. Where else are you gonna grab Anthropic and SpaceX exposure in one ticker I been watching DXYZ since the last spike and buying under NAV makes more sense than chasing at 60 like last time. CEO buying 1.8M of his own stock is the part that got me to open a position last week The T-bill cushion gives a floor that most of these hype plays don't have
When it IPO's the shares DXYZ hold become LESS valuable because they're effectively getting diluted by more shares hitting the market
I've got some DXYZ you can front-run right here pal