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C1 Fund Announces First Portfolio Company Exit Within Six Months After IPO
BitGo, a digital asset custody and infrastructure provider backed by C1 Fund, completes successful IPO
Jan. 28, 2026 at 3:47am
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C1 Fund Inc., a closed-end investment company providing public-market investors access to private and late-stage companies in the digital asset ecosystem, announced that BitGo, one of its portfolio companies, has completed a successful IPO. This marks C1 Fund's first portfolio company exit less than six months after the fund's own IPO.
Why it matters
The successful IPO of BitGo, a leading provider of institutional digital asset custody and infrastructure services, highlights the maturation of the digital asset ecosystem and the increasing role of regulated platforms in supporting institutional participation. This exit also reflects C1 Fund's focus on investing in companies that enable the adoption of digital assets through critical infrastructure and services.
The details
As of December 31, 2025, C1 Fund had committed over $30 million across multiple portfolio companies spanning custody, blockchain analytics, developer platforms, and regulated financial services. BitGo, which boasts over $104 billion in assets on its platform and 9.3 million+ wallets created, raised $212.8 million in its IPO and has a valuation exceeding $2 billion.
- C1 Fund announced the BitGo IPO on January 28, 2026.
- C1 Fund had committed over $30 million across its portfolio as of December 31, 2025.
The players
C1 Fund Inc.
A closed-end investment company providing public-market investors with access to a portfolio of private and late-stage companies in the digital asset ecosystem.
BitGo
A leading provider of institutional digital asset custody and infrastructure services, supporting secure storage, compliance, and settlement for financial institutions operating in the digital asset ecosystem.
Elliot Han
Chief Investment Officer of C1 Fund.
Dr. Najam Kidwai
Chief Executive Officer of C1 Fund.
What they’re saying
“From an investment perspective, BitGo exemplifies the type of business we seek to back – one with strong institutional adoption, a critical role in market infrastructure and a clear path to operating within regulated financial markets.”
— Elliot Han, Chief Investment Officer of C1 Fund
“We congratulate the BitGo team on achieving this significant milestone. BitGo's public listing reflects the continued maturation of the digital asset ecosystem and the increasing role of regulated platforms in supporting institutional participation.”
— Dr. Najam Kidwai, Chief Executive Officer of C1 Fund
The takeaway
C1 Fund's successful exit of its portfolio company BitGo through an IPO demonstrates the fund's focus on investing in companies that enable the institutional adoption of digital assets by providing critical infrastructure and services. This exit highlights the growing maturity of the digital asset ecosystem and the increasing role of regulated platforms in supporting institutional participation.
