C1 Fund Inc. Adds Alchemy to Portfolio of Leading Digital Asset Infrastructure Companies
PALO ALTO, Calif.–(BUSINESS WIRE)–
C1 Fund Inc. (NYSE: CFND) today announced an investment in Alchemy, widely regarded as the AWS of the crypto industry as it provides mission-critical infrastructure for building and scaling blockchain applications. Founded in 2017, Alchemy has emerged as the core infrastructure layer for Web3, underpinning more than $100 billion in transactions annually and powering over 70% of the top crypto applications, including Robinhood, Stripe, JPMorgan and Coinbase.
“Alchemy is the leading infrastructure provider accelerating the growth of Web3 development,” said Elliot Han, Chief Investment Officer of C1 Fund Inc. “It’s platform reduces complexity for developers while supporting scale across numerous blockchains. Our investment reflects our conviction in Alchemy’s role as a core enabler of next-generation digital-asset applications.”
“We are pleased to add Alchemy to the C1 Fund portfolio as we continue investing in leading technology platforms within the digital-asset ecosystem,” said Dr. Najam Kidwai, Chief Executive Officer of C1 Fund Inc. “Alchemy’s infrastructure, multi-chain capabilities, and growth trajectory are aligned with our focus on companies building durable, long-term value across the digital-asset economy.”
The investment advances C1 Fund’s objective of constructing a concentrated portfolio of digital-asset services and technology companies with strong infrastructure and long-term scaling potential. Other recent C1 Fund announced investments include companies such as Kraken, Ripple, Chainalysis and Figment.
About C1 Fund Inc.
C1 Fund Inc. is a Maryland corporation based in Palo Alto, California. C1 Advisors LLC, which is also based in Palo Alto, California, serves as the Fund’s investment adviser. The Fund’s investment objective is to maximize the portfolio’s total return, principally by seeking capital gains on the Fund’s equity and equity-related investments. Under normal market conditions, the Fund will invest at least 80% of its total assets in equity and equity-linked securities of companies principally engaged in the digital assets services and technology sector. The Fund intends to achieve its investment objective by investing in a portfolio of what the Fund believes to be 30 of the top digital assets services and technology companies, excluding companies whose business is principally administered in the People’s Republic of China, including Hong Kong and Macao.
Investors should consider the Fund’s investment objectives, risks, charges and expenses carefully before investing. The Fund’s prospectus, which has been filed with the SEC, contains this information and should be read carefully before investing.
Forward-Looking Statements
This press release contains statements that constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 including statements relating to the offering of the Common Shares, our ability to complete the offering on the anticipated timeline or at all and the anticipated use of the net proceeds therefrom, together with other statements that are not historical facts, are forward-looking statements that are estimates reflecting management’s best judgment based upon currently available information. Words such as, but not limited to, “look forward to,” “believe,” “expect,” “anticipate,” “estimate,” “intend,” “confidence,” “encouraged,” “potential,” “plan,” “targets,” “likely,” “may,” “will,” “would,” “should” and “could,” and similar expressions or words identify forward-looking statements. The forward-looking statements included in this press release are based on management’s current expectations and beliefs which are subject to a number of risks, uncertainties and factors that may cause the actual results, levels of activity, performance or achievements of the Fund, or industry results, to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. As a result, no assurance can be given as to future results, levels of activity, performance or achievements, and neither the Fund nor any other person assumes responsibility for the accuracy and completeness of such statements in the future. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. All forward-looking statements are qualified in their entirety by these cautionary statements and we undertake no obligation to revise or update this press release to reflect events or circumstances after the date hereof.
Risk is inherent in all investing. There can be no assurance that the Fund will achieve its investment objective and you could lose some or all of your investment.
NOT FDIC INSURED NO BANK GUARANTEE MAY LOSE VALUE
View source version on businesswire.com: https://www.businesswire.com/news/home/20251125461920/en/
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KEYWORDS: California United States North America
INDUSTRY KEYWORDS: Software Professional Services Blockchain Fintech Data Management Technology Digital Cash Management/Digital Assets Asset Management Cryptocurrency Other Professional Services Web3 Finance Other Technology
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