C1 Fund Reports Q2 NAV of $6.49, Adds Polymarket, and Buys Back $824K of Shares
CFND sits 45% above its 52-week low of $2.04.
Summary
C1 Fund reported Q2 2026 results with NAV of $6.49 per share, down from prior periods due to weaker secondary market pricing, but the portfolio expanded from 7 to 11 companies with the addition of Polymarket. The fund repurchased 249,300 shares for $824,440 through July 31, 2026, at a discount to NAV, which is accretive to remaining shareholders. Two portfolio companies, Kraken and Blockchain.com, have confidentially filed for IPOs, and BitGo completed its IPO in January 2026. The fund's largest exposures are Ripple (17.5% of net assets) and Kraken parent Payward (16.9%). The buyback and IPO pipeline provide potential catalysts, but the NAV decline reflects mark-to-market pressure on private holdings.
At the time of this announcement, CFND was trading at $2.95 on NYSE in the Crypto Assets sector, with a market capitalization of approximately $18.5M. The 52-week trading range was $2.04 to $9.01. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: BusinessWire.