C1 Secondaries Fund Eyes Crypto Investments Between Bullish Trends

With an impressive $500 million in assets, C1 Secondaries Fund is putting itself in a position to invest in top cryptocurrency companies while the markets continue to move in a favorable direction. The firm is considering possible investments from well-known companies including Chainalysis and Animoca Brands.

C1 Secondaries Fund, based in Silicon Valley and the United Arab Emirates, is preparing to make large investments in cryptocurrency startups since it has a strong interest in the space. Australian Financial Review reports from December 10th state that the fund is prepared to commit substantial sums of money, between $20 million and $50 million. These investments will be used to buy private stakes in cryptocurrency businesses that raised at least $300 million in capital during their most recent fundraising rounds.

Targeted Crypto Companies

Animoca Brands, a well-known player in the cryptocurrency market, is one of the companies that the C1 Fund is considering investing in. Animoca Brands raised funds before by selling shares for around $4.50 each. But a former Coinbase executive who co-founded the C1 Fund is interested in buying the company for a deliberately low price of roughly $1.12 per share. This suggested price is a significant 75% less than the previous valuation of Animoca Brands.

Chainalysis is another cryptocurrency that the C1 Secondaries Fund is keeping an eye on. According to reports, the fund is thinking about buying Chainalysis shares at a discount, providing a 63% decrease in comparison to its most recent capital round.

The action taken by C1 Secondaries Fund highlights how proactive it is in taking advantage of the present uptrends in the cryptocurrency markets. The fund seeks to take advantage of the growing potential of the crypto industry by making smart investments at discounted prices in well-established crypto firms. This tactic fits in with the larger pattern of established financial institutions realizing the importance and sturdiness of the cryptocurrency sector.

The cryptocurrency community will be closely monitoring the possible effects of these calculated actions as C1 Secondaries Fund readies itself for large investments in cryptocurrency businesses. The fund’s involvement in Chainalysis and Animoca Brands is indicative of a larger trend among institutional and conventional investors to recognize how the market for digital assets is changing.