<div id="readability-page-1" class="page"><article>PALO ALTO, Calif.--(BUSINESS WIRE)--C1 Fund Inc. (NYSE: CFND) today announced that BitGo, a portfolio company of C1 Fund, has completed its successful IPO. The listing marks C1 Fund’s first portfolio company exit less than six months after the fund’s own IPO.BitGo is 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 with a valuation exceeding $2 billion. It boasts over $104 billion in assets on its platform, 9.3 million+ wallets created and is a top custodian and staking provider. The firm raised $212.8 million in its IPO.“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,” said Elliot Han, Chief Investment Officer of C1 Fund. “This reflects our focus on late-stage private companies we believe are well-positioned to access the public markets over time.”C1 Fund’s investment in BitGo aligns with the Fund’s core mandate of targeting private and late-stage companies that enable institutional adoption of digital assets through critical infrastructure and services. 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.“We congratulate the BitGo team on achieving this significant milestone,” said Dr. Najam Kidwai, Chief Executive Officer of C1 Fund. “BitGo’s public listing reflects the continued maturation of the digital asset ecosystem and the increasing role of regulated platforms in supporting institutional participation.”Unlike investment vehicles that seek direct exposure to cryptocurrencies, C1 Fund focuses on equity ownership in companies that build and operate the underlying infrastructure supporting the digital asset ecosystem.For more information about C1 Fund visit www.c1fund.comAbout C1 FundC1 Fund Inc. (NYSE: CFND) is a closed-end investment company providing public-market investors with access to a portfolio of private and late-stage companies including Kraken, Ripple, Consensys and others in building the infrastructure underpinning the digital asset economy.Forward-Looking StatementsThis press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations and involve risks and uncertainties that may cause actual results to differ materially. Readers are cautioned not to place undue reliance on these statements, which speak only as of the date hereof. Investing involves risk, including the possible loss of principal.<img src="https://imageproxy.pbkrs.com/https://cts.businesswire.com/ct/CT/query-ZGlzdHJvPW54JmlkPWJ3bmV3cyZsYW5nPWVuJnNpZD1hY3FyOCZzdHk9MjAyNjAxMjg1NTE1MDVyMQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://cts.businesswire.com/ct/CT/query-ZGlzdHJvPW54JmlkPWJ3bmV3cyZsYW5nPWVuJnNpZD1hY3FyOCZzdHk9MjAyNjAxMjg1NTE1MDVyMQ"/>View source version on businesswire.com: https://www.businesswire.com/news/home/20260128551505/en/For Media Enquiries contact: media@c1fund.comSource: C1 Fund Inc.</article></div>

C1 Fund Inc. (NYSE: CFND) has announced its first portfolio company exit with the successful IPO of BitGo, a leading provider of digital asset custody services, less than six months after C1 Fund's own IPO. BitGo, valued over $2 billion, raised $212.8 million in its IPO. C1 Fund focuses on investing in late-stage private companies that support institutional adoption of digital assets. The CEO of C1 Fund congratulated BitGo on this milestone, highlighting the maturation of the digital asset ecosystem.

- C1 Fund Inc. announced that its portfolio company, BitGo, has successfully completed its IPO, marking C1 Fund’s first exit less than six months after its own IPO.  
- BitGo, valued over $2 billion, provides crucial digital asset custody services and has raised $212.8 million through its IPO, having $104 billion in assets on its platform.  
- C1 Fund focuses on investing in late-stage private companies that enhance institutional adoption of digital assets, positioning itself to benefit from the maturation of the digital asset ecosystem.

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C1 Fund (NYSE: CFND) Announces First Portfolio Company Exit Within Six Months After Fund IPO | CFND Stock News