Crypto Fund C1 Fund Offers $60 million to Invest in Digital Asset Technology

Closed-end investment firm C1 Fund Inc. announced the completion of its previously announced Initial Public Offering ("IPO"), which will issue 6,000,000 shares of common stock ("Common Stock") at an issue price of $10.00 per share. C1 Fund will use the proceeds from the IPO to invest in accordance with the investment objectives and strategies described in the IPO prospectus. The common stock will begin trading on the New York Stock Exchange on August 7, 2025 under the ticker symbol "CFND".
"Our mission is to democratize investment opportunities for the next generation of digital asset innovators while they are still private," said Dr. Kidwai, president and chief executive of the fund. "Instead of speculating on token prices, we focus on investing in leading private digital asset services and technology companies that we believe will bring disruptive technologies, reach large addressable markets, and provide significant business opportunities. This strategy, along with our listing on the NYSE, enables public market investors to participate in these private digital asset companies as they grow, and we believe this reflects the opportunities early adopters have in the development of the internet and artificial intelligence."