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 <p class="is-style-lead">Crypto 1’s C1 Fund <a rel="dofollow" title="targets" href="https://thebittimes.com/tag/targets.html">targets</a> Australian crypto firms like Animoca Brands and Chainalysis for discounted secondary share acquisitions in a shifting market landscape.</p> 
 <p>Through the $500 million fund, Crypto 1 seeks to buy private holdings at substantial discounts, ranging from 50% to 80% below previous valuations.</p> 
 <p>The C1 Fund, established by former Coinbase lawyers and investors, focuses on firms valued at a minimum of $300 million in their last funding round, particularly those at or beyond the series C stage. Investments are anticipated to range between $20 million and $50 million. The <a rel="dofollow" title="strategy" href="https://thebittimes.com/tag/strategy.html">strategy</a> emerges from what the fund perceives as attractive valuations in the digital assets market, a result of current market dynamics, including hyperinflation and rising interest rates.</p> 
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 <p>Among the fund’s <a rel="dofollow" title="targets" href="https://thebittimes.com/tag/targets.html">targets</a> is Hong Kong-based Animoca Brands, which was delisted from the Australian Securities Exchange in 2020. Despite previous governance issues and its involvement in crypto-related activities, Animoca’s valuation soared to $5.9 billion last year. C1 Fund aims to purchase shares at a 75% discount from the last capital raise price.</p> 
 <p>Another <a rel="dofollow" title="target" href="https://thebittimes.com/tag/target.html">target</a>, Chainalysis, a firm specializing in blockchain <a rel="dofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a>, was valued at $8.6 billion in 2022. C1 Fund is eyeing a 65% discount on the secondary market for its shares.</p> 
 <p>The initiative was announced in March, reflecting a growing interest in secondary market opportunities within digital assets. Requests for comments from Crypto 1, Animoca Brands, and Chainalysis on these developments were either not responded to or declined.</p> 
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<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/c1-fund-targets-animoca-brands-chainalysis-in-investment-strategy-tbt73345.html">https://thebittimes.com/c1-fund-targets-animoca-brands-chainalysis-in-investment-strategy-tbt73345.html</a></p>

C1 Fund targets Animoca Brands, Chainalysis in investment strategy

TheBitTimes

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