Ripple overtakes Kraken as C1 Fund’s largest holding

Ripple Labs became the largest private company holding in C1 Fund’s portfolio during the second quarter of 2026, accounting for 17.5% of the NYSE-listed fund’s net assets as of June 30. Summary C1 Fund made Ripple its largest holding, representing 17.5% of net assets on June 30. Payward, Kraken’s parent company, ranked second with an allocation equal to 16.9% of net assets. Portfolio investments totaled $33.07 million across eleven private digital asset companies on June 30, 2026. Ripple’s partial issuer buyback generated an approximately 150% return for C1 Fund within four months. C1 Fund repurchased 249,300 shares for $824,440 through July under its existing authorized buyback program. C1 Fund reported that Ripple narrowly overtook Payward, the parent company of cryptocurrency exchange Kraken. Payward represented 16.9% of net assets at the end of the period. The fund recorded total net assets of $42.63 million, equal to a net asset value of $6.49 per share. Based on those percentages, Ripple’s position was worth approximately $7.46 million, while Payward’s position was worth about $7.20 million. Ripple equity leads C1 Fund’s private portfolio C1 Fund held $33.07 million in privat...