C1 Fund, a publicly traded closed-end fund focused on private crypto companies, said Ripple Labs equity is now its largest position, accounting for 17.5% of net assets. That is slightly above the 16.9% allocation to Payward, the parent company of Kraken. The disclosure came in the fund’s fiscal second-quarter 2026 report released on Aug. 31. C1 Fund holds stakes in 11 private crypto companies, including Kraken, BitGo, Chainalysis and ConsenSys. As of June 30, the fund reported net asset value of $42.6 million and NAV per share of $6.49. Its board also authorized share repurchases of up to $3 million. The fund’s stock was trading at $2.87, representing an about 56% discount to NAV per share, with a market capitalization of roughly $19.1 million. The item was cited by BeInCrypto.
C1 Fund, a publicly traded fund focused on private crypto companies, disclosed that its equity stake in Ripple Labs is now its largest holding, making up 17.5% of net assets. That is slightly higher than the 16.9% allocated to Payward, the parent company of Kraken.
The holding data came from the fund’s fiscal second-quarter 2026 report, released on Aug. 31.
Portfolio breakdown
C1 Fund is a closed-end fund that holds equity stakes in 11 private crypto companies, including Kraken, BitGo, Chainalysis and ConsenSys.
Taken together, Ripple Labs and Payward account for more than one-third of the fund’s portfolio.
NAV and buyback authorization
As of June 30, the fund reported net asset value of $42.6 million and NAV per share of $6.49. Its board of directors has authorized up to $3 million for share repurchases.
C1 Fund shares were trading at $2.87, an about 56% discount to NAV per share, giving the fund a market capitalization of about $19.1 million.
The report was cited by BeInCrypto.
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