C1 Fund (NYSE: CFND) reported its results for the second quarter of 2026, showing a net asset value of $42.63 million as of June 30 and a per-share NAV of $6.49. The fund said the fair value of its investment portfolio stood at about $33.07 million, equal to 77.5% of net assets. During the quarter, C1 Fund added Polymarket, taking its portfolio to 11 companies across crypto payments, custody, compliance, staking, exchanges, developer infrastructure, and prediction markets. Its two largest exposures were Ripple at 17.5% of net assets and Payward, Kraken’s parent company, at 16.9%. The firm also said that, as of July 31, it had repurchased and retired 249,300 shares at a total cost of about $824,000. C1 Fund is currently authorized to buy back up to $3 million of stock. Management said repurchases made while the share price trades below NAV help raise NAV per share for remaining shareholders. Separately, Kraken and Blockchain.com have publicly announced confidential filings with the U.S. Securities and Exchange Commission for potential IPOs, while BitGo completed its IPO in January 2026.
Crypto asset investment fund C1 Fund (NYSE: CFND) reported its financial results for the second quarter of 2026. As of June 30, the fund’s net asset value, or NAV, was $42.63 million, with NAV per share at $6.49. The fair value of its investment portfolio was about $33.07 million, representing 77.5% of net assets.
C1 Fund said it added Polymarket during the second quarter. That brought its portfolio to 11 companies spanning crypto payments, custody, compliance, staking, exchanges, developer infrastructure, and prediction markets.
Largest exposures were Ripple and Payward
The fund’s two biggest exposures were Ripple, which accounted for 17.5% of net assets, and Payward, the parent company of Kraken, at 16.9%.
249,300 shares repurchased and retired
As of July 31, C1 Fund had repurchased and retired 249,300 of its shares at a total cost of about $824,000. The company is currently authorized to repurchase up to $3 million of stock.
Management said buybacks completed when the share price is below NAV help increase NAV per share for remaining shareholders.
Portfolio companies move toward public listings
Kraken and Blockchain.com have also publicly announced that they confidentially submitted filings to the U.S. Securities and Exchange Commission for potential initial public offerings. BitGo completed its IPO in January 2026.
C1 Fund also disclosed that an earlier partial issuer tender by Ripple generated an investment return of about 150% for the fund in just over four months.
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