Crypto fund C1 Fund plans to publicly issue $60 million, investing in the digital asset technology field

According to Golden Finance, closed-end investment company C1 Fund Inc. announced that its previously announced initial public offering (IPO) has been completed, issuing 6000000 shares of common stock at a price of $10.00 per share. C1 Fund will use the proceeds from the IPO to invest in accordance with the investment objectives and strategies outlined in the IPO prospectus. The common stock will begin trading on the New York Stock Exchange on August 7, 2025, with the stock code "CFND". Our mission is to provide democratic investment opportunities for the next generation of digital asset innovators even when they are still in the private stage, "said Dr. Kidwai, President and CEO of the fund. "We do not speculate on token prices, but focus on investing in leading private digital asset services and technology companies. We believe these companies will bring disruptive technologies, reach a huge potential market, and provide important business opportunities. This strategy and our listing on the New York Stock Exchange enable investors in the public market to participate in the development of these private digital asset companies. We believe this reflects the opportunities that early participants have in the development of the Internet and artificial intelligence."