C1 Fund Inc. (NYSE: CFND) has released its financial results for the first quarter ending March 31, 2026.

As a publicly traded, non-diversified closed-end fund, C1 Fund focuses on providing investors access to high-growth private companies within the digital asset economy.

The fund's net asset value at the end of the quarter was $48,906,337, or $7.34 per share.

The company has 6,666,666 common shares outstanding.

Portfolio investments measured at fair value totaled $34,646,267, representing approximately 71% of net assets.

An additional $15,049,802 was invested in short-term U.S. Treasury bills, bringing the total fair value of investments to $49,696,069.

During the quarter, C1 Fund added portfolio positions in companies including BitGo, Fireblocks, Uphold, and Ripple.

BitGo completed its initial public offering on January 22, 2026, becoming the first portfolio company in C1 Fund to achieve an IPO; its shares are currently in a six-month lock-up period.

Ripple, through its sponsored share repurchase program, generated an approximate 150% return for C1 Fund in less than four months, marking the fund's first investment sale since its public listing in August 2025.

As of the quarter's end, C1 Fund's portfolio included Alchemy, BitGo, Blockchain.com, Chainalysis, ConsenSys, Figment, Fireblocks, Kraken, Ripple, and Uphold.

Among these, Kraken and Blockchain.com have confidentially submitted IPO registration statements to the U.S. Securities and Exchange Commission and are advancing their listing processes.

Additionally, the C1 Fund Board of Directors approved a share repurchase program of up to $3 million on January 29, 2026.

Chief Investment Officer Elliot Han stated that the first quarter demonstrated the fund's ability to identify and rapidly realize value in leading digital asset companies while maintaining exposure to the broader digital asset ecosystem.

The fund will continue to focus on rigorous project sourcing to build a diversified, curated investment portfolio.