₿Doge//Bitcoin Accountant ₿

OpenAI just published its own version of the Anthropic warning that rattled the secondary market. "Any attempted transfer that does not follow this requirement is void." OpenAI says all of its equity is subject to transfer restrictions. No shares can be directly or indirectly transferred without the company's written consent. Any sale made without that consent is not just unauthorized. It is void. The company says it is aware of firms marketing exposure to OpenAI through direct equity sales, SPVs, tokenized interests in OpenAI equity, and forward contracts. None of it is endorsed or recognized by OpenAI. "It is possible that the firm offering to sell or facilitate the sale of OpenAI equity is attempting to circumvent our transfer restrictions. If so, the sale will not be recognized and carry no economic value to you." No economic value. Not reduced value. No value. OpenAI says it "intends to vigorously enforce" its transfer restrictions and is asking anyone contacted by these firms to report them directly to corporate legal. This is now both of the two most valuable private AI companies in the world telling the secondary market the same thing: if we did not approve the transaction, you own nothing. The billions of dollars trading hands on secondary platforms for exposure to these companies may be worth exactly zero if they decide to enforce.

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