Coin Edition and Crypto Economy agree Ripple overtook Kraken parent Payward as C1 Fund's top holding, but they report different total dollar amounts deployed across the fund's 11 private digital-asset holdings.
What all sources agree on
- Ripple Labs became C1 Fund's largest holding, surpassing Kraken parent Payward.
- The fund's holdings involved 11 private digital-asset companies.
- A partial Ripple share buyback contributed to the fund's return, with figures close to 141.5%/150%.
- Kinetics Internet Portfolio disclosed 1,875 Ripple Class A shares valued at about $246,000.
- Goldman Sachs disclosed roughly $86.5 million across XRP-related exchange-traded funds/products.
Where the reports disagree
1Total dollar amount deployed across the fund's 11 private holdings
The fund had deployed $41.3 million across 11 private digital-asset companies by June 30.
the fund allocated $33.07 million across 11 private digital companies.
What would settle it: C1 Fund's second-quarter SEC filing or official portfolio disclosure for the period ended June 30, 2026.
2Exact return generated by the Ripple share buyback
C1 Fund said the transaction produced a 141.5% return on the portion of its Ripple investment involved in the buyback over roughly four months.
C1 Fund generated roughly 150% on its Ripple investment within four months.
What would settle it: C1 Fund's second-quarter SEC filing detailing the buyback transaction and return calculation.
What to make of it
Treat Ripple's overtaking of Payward as the fund's top holding, and the approximate portfolio percentages, as established across both reports; do not cite a specific total dollar figure for the fund's private holdings until the underlying SEC filing is checked.
Treat Ripple's overtaking of Payward as the fund's top holding, and the approximate portfolio percentages, as established across both reports; do not cite a specific total dollar figure for the fund's private holdings until the underlying SEC filing is checked.