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Stock impact report

C1 Fund (NYSE: CFND) Announces First Portfolio Company Exit Within Six Months After Fund IPO

C1 Fund Inc. (CFND) 
Company Research Source: Business Wire
PALO ALTO, Calif.--(BUSINESS WIRE)--C1 Fund Inc. (NYSE: CFND) today announced that BitGo, a portfolio company of C1 Fund, has completed its successful IPO. The listing marks C1 Fund’s first portfolio company exit less than six months after the fund’s own IPO.BitGo is a leading provider of institutional digital asset custody and infrastructure services, supporting secure storage, compliance and settlement for financial institutions operating in the digital asset ecosystem with a valuation exceeding $2 billion. It boasts over $104 billion in assets on its platform, 9.3 million+ wallets created and is a top custodian and staking provider. The firm raised $212.8 million in its IPO.“From an investment perspective, BitGo exemplifies the type of business we seek to back – one with strong institutional adoption, a critical role in market infrastructure and a clear path to operating within regulated financial markets,” said Elliot Han, Chief Investment Officer of C1 Fund. “This reflects ou Show less Read more
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