The Anthropic "6% arb" between Entropy and trade.xyz is a share count

A lot of people posted a 6% arb between Entropy and trade.xyz on Anthropic this week. I spent a couple of days pulling the data. Most of it isn't there. Short version first. io:ANTH on

A lot of people posted a 6% arb between Entropy and trade.xyz on Anthropic this week. I spent a couple of days pulling the data. Most of it isn't there. Short version first. io:ANTH on Entropy is quoted as company valuation, 1 point = $1B. The mid at my snapshot was 1,808.1, so $1.8081T. xyz:ANT on trade.xyz is quoted per Class A share. The mid was $111.275. You can't compare the two without multiplying the share price by some share count. The screenshots use 16,936,819,200, which comes from one