Crypto fund wants Animoca, Chainalysis shares at up to 80% discount
A US-based Crypto fund is reportedly offering to buy up secondary shares in prominent Crypto firms, including Animoca Brands and Chainalysis at an up to 80% discount . C1 Fund, which was launched by former Coinbase lawyers and investors, apparently has up to $500 million at its disposal and is specifically looking to acquire private holdings in crypto firms valued at no less than $300 million in their last funding round. According to a pitch deck seen by the Australian Financial Review, C1 wants to make the purchases for between $20 million and $50 million and it has reportedly met with a number of venture firms. The deck says, “Due to current market conditions in the public and private markets, hyperinflation, and rising interest rates we believe the digital assets market offers very attractive valuations in the secondary market .” Animoca Brands has a web3 portfolio worth $1.5B because it said so Read more: The crumbling empire of Fred Schebesta, Australia’s self-titled C...