Significant Crypto Investment Prepares to Target Animoca Brands and Chainalysis

By: Isha Das

The C1 Secondaries Fund is currently setting its sights on investment opportunities within the sphere of cryptocurrency. The fund, which is financially backed up to the tune of $500 million, is reportedly looking into the possibility of injecting considerable capital into Animoca Brands and Chainalysis, two firms that are making large strides within the field of cryptocurrency.

This fund is prepared to write checks ranging anywhere between $20 million and $50 million. These substantial investments will be used as a means to buy private holdings in crypto companies worth $300 million or more. The fund, with its roots in both Silicon Valley and UAE, has shown particular interest in Animoca Brands and Chainalysis, illustrating the companies' dominance in the realm of digital currency.

The co-founder of C1 Fund is a former Coinbase executive which gives the fund an inherent understanding of the digital currency market. Interestingly enough, this fund is actively seeking to invest in these high-performing companies at a discount of nearly 80%. Furthermore, it has expressed willingness to conduct these transactions at a 63% discount for Chainalysis shares, compared to its last capital raise.