C1, an investment company founded by former executives of the cryptocurrency exchange Coinbase, met with Australian investors.
According to the Australian Financial Review, C1 is 500 million dollars He is trying to buy shares in cryptocurrency companies using his fund.
Among the companies contacted by C1 are metaverse company Animoca Brands and blockchain analysis company Chainalysis. C1 offered to buy shares from investors at an 80% discount to the most recent valuation.
C1’s strategy based on the most recent investment series have a market value of at least $300 million Investing in companies that have The purchases made by the company may be between 20 and 50 million dollars.
One of the founders of the company, Dr. Najam Kidwai has not yet been involved with the mentioned companies. they did not meet directly told.
In C1’s presentation, “Due to current market conditions, hyperinflation and rising interest rates in the public and private markets, we believe the digital assets market offers very attractive valuations in the secondary market” it was said.