C1 Fund Inc. today released highlights from its Q4 2025 shareholder update, outlining early capital deployment into foundational digital asset infrastructure companies and reaffirming its strategy of investing in the operating layers that underpin the digital economy.

During the quarter, C1 Fund deployed capital into late-stage private companies including Kraken, Ripple, Chainalysis, Alchemy, Consensys and one company that has filed confidentially for an initial public offering. The fund's approach centers on owning exchanges, settlement systems, compliance platforms, staking infrastructure and developer tooling rather than participating in short-term market volatility.

"Our focus has been deliberate and disciplined from the outset," said Dr. Najam Kidwai, Co-Founder and Chief Executive Officer of C1 Fund. "We are building exposure to the infrastructure that enables digital finance to function at scale — regulated, globally integrated operators whose relevance compounds over time."

C1 Fund was launched to broaden access to late-stage private market opportunities that have historically been limited to institutional investors and high accreditation thresholds. Through its public, liquid structure, the fund provides investors with fractional exposure to companies building the core operating systems of digital finance.

As of year-end, C1 Fund expects to have deployed approximately $30 million across infrastructure-focused investments selected for regulatory maturity, operational resilience and scalability independent of short-term market sentiment.

C1 Fund will release its fully audited NAV on 2^nd March, 2026.

"Infrastructure value is not driven by hype cycles," added Dr. Kidwai. "It is driven by durability, compliance, and integration into global financial systems. That is where we believe long-term value creation resides."

The fund noted that, as is common in the early stages of closed-end vehicles, market price may temporarily diverge from intrinsic value as investors familiarize themselves with the product. C1 Fund expects transparency, disciplined execution and consistent reporting to support long-term convergence.

The full Q4 2025 Shareholder Letter is available at www.c1fund.com/financial-info/shareholder-letter

About C1 Fund Inc.

C1 Fund Inc. (NYSE:CFND) is a publicly traded closed-end investment company providing public-market investors with exposure to late-stage digital asset services and technology companies. The Fund is managed by C1 Advisors LLC and is headquartered in Palo Alto, California.

Forward-Looking Statements

This 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.

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C1 Fund Reports Q4 2025 Portfolio Progress and Reaffirms Infrastructure-Led Strategy