Micron Tokenized on Solana and Strikes Anthropic AI-Memory Deal, Shares Climb 5%
MU•Backpack Securities launched a 1:1 Solana-backed Micron token days before its Q3 AI memory earnings report, enabling 24/7 trading and brokerage redemption. Shares jumped 5% to record highs after Micron struck a multi-year AI-memory partnership and equity deal with Anthropic, with analysts forecasting $35B Q3 revenue and $20 EPS.
1. Solana Token Launch
Backpack Securities introduced a tokenized version of Micron stock on the Solana blockchain, with each MU token backed 1:1 by a share held in custody. These tokens are redeemable into brokerage accounts and remain tradable around the clock on Solana-based platforms.
2. Anthropic AI Memory Partnership
Micron entered a multi-year agreement with Anthropic to co-engineer high-bandwidth memory (HBM), DRAM and SSD subsystems optimized for AI training and inference. The deal includes long-term supply commitments and a strategic equity stake in Anthropic’s Series H funding round.
3. Stock Surge and Q3 Forecasts
Micron shares rose over 5% to an all-time high as retail sentiment shifted bearish and short interest reached 3.3% of float. Analysts forecast approximately $35 billion in fiscal Q3 revenue and about $20 in earnings per share, driven by AI memory demand.
