Defense proffer about the Anthropic investment's cost, bankruptcy sale, and current private valuation, followed by the government's warning that the valuation could mislead the jury

The defense asserted that a $93 million Anthropic investment had been sold in bankruptcy for $100 million and had a current private valuation of $1 billion. The government responded that the private valuation could mislead the jury about whether the investment could be liquidated for that amount and did not change the risk when the investment was made.