Blockchain companies, including Animoca Brands and Chainalysis, are now in the crosshairs of a $500 million fund aimed at acquiring secondary shares in crypto firms at significant discounts.
This fund, C1, established by ex-Coinbase (NASDAQ: COIN) legal and investment professionals, is reportedly seeking to purchase stakes in various crypto ventures at 50% to 80% below their last assessed values.
The crypto sector is witnessing renewed interest from investors, evidenced by the surge in Bitcoin's (CRYPTO: BTC) value, crossing the $40,000 mark for the first time in two years.
This bullish trend is also reflected in other altcoins, including Ethereum (CRYPTO: ETH), Shiba Inu (CRYPTO: SHIB), and Dogecoin (CRYPTO: DOGE).
C1 Fund's strategy, according to the Australian Financial Review, involves targeting crypto ...