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C1 Fund Inc., a Palo Alto-based closed-end investment vehicle that provides retail investors access to private digital asset companies via a single NYSE-listed ticker, said on Monday that it booked approximately 150% returns from a partial sale of its Ripple stake in under four months.
C1 Fund disclosed in October 2025 that it had taken an equity position in Ripple as part of its effort to support responsible innovation in the digital asset sector. Ripple’s network includes the XRP Ledger and the RLUSD stablecoin, and it is used by financial institutions to facilitate fast and efficient asset transfers.
Last month, Ripple Labs introduced a new share buyback initiative that would value the company at approximately $50 billion. The initiative followed Ripple’s fundraising last November, when it raised $500 million at a $40 billion valuation from investors including Citadel Securities and Fortress Investment Group.
C1 Fund said the buyback helped create the liquidity event for its Ripple stake, as Ripple’s rising valuation supported secondary market exits.
“This realization reflects the kind of outcome we aim to deliver through disciplined portfolio construction and active management,” said Elliot Han, Chief Investment Officer of C1 Fund. “We invested in Ripple with a clear view of the company’s strategic position, and this transaction demonstrates our ability to capture value while continuing to maintain exposure to high-quality private market opportunities.”
C1 Fund CEO Dr. Najam Kidwai added that the transaction reflects the firm’s strategy of sourcing strong private market deals and delivering realized value to shareholders.
The partial sale is the fund’s second liquidity event since it listed on the NYSE last August. The first occurred in January 2026, when portfolio holding BitGo went public via an IPO.
C1 Fund said it continues to hold positions in other private digital asset companies, including Kraken, Consensys, and Chainalysis.
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